Suppose annual salaries for sales associates from Geoff's Computer Shack have a mean of $32,500 and...

Suppose annual salaries for sales associates from Geoff's Computer Shack have a mean of $32,500 and a standard deviation of $2,500.

a.	Calculate and interpret the z-score for a sales associate who makes $36,000.

b.	Suppose that the distribution of annual salaries for sales associates at this store is bell-shaped. Use the empirical rule to calculate the percentage of sales associates with salaries between $27,500 and $37,500.
c.	Use the empirical rule to determine the percentage of sales associates with salaries less than $27,500.
d.	Still suppose that the distribution of annual salaries for sales associates at this store is bell-shaped. A sales associate makes $42,000. Should this salary be considered an outlier? Explain.

Expert Solution

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orchestra answered 2 years ago

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