The Salary of Teachers in a Particular School District Is

question 12

Multiple Choice

The salary of teachers in a particular school district is normally distributed with a mean of $50,000 and a standard deviation of $2,500. Due to budget limitations, it has been decided that the teachers who are in the top 2.5% of the salaries would not get a raise. What is the salary level that divides the teachers into one group that gets a raise and one that doesn't?

• A) −1.96
• B) 1.96
• C) 45,100
• D) 54,900

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Definitions:

Postdated Check

A check written with a date in the future, which cannot be cashed or deposited until that date.

Creditor

An individual or entity that is owed money or claims to be owed money by another entity, known as the debtor.

Bounced Check

A check that cannot be honored due to insufficient funds in the account it was issued on.

Insufficient Funds

A situation where an account does not have enough money available to cover transactions.