Question

In: Statistics and Probability

lextime is a term used to describe formalized flexible working hours on the job. Many managers...

lextime is a term used to describe formalized flexible working hours on the job. Many managers believe that flextime reduces worker tardiness, absenteeism, and turnover, and increases job satisfaction and performance. (Michigan State University Business Topics, Summer 1979). Assume that the distribution of job satisfaction ratings of all flextime workers has a population mean of =35 and a standard deviation of =10. Suppose a random sample of 35 flextime workers was taken and the job satisfaction rating was determined for each person in the sample. Calculate the following probabilities.

a. P( > 39) =

b. P( < 37) =

c. P(33 < < 39 ) =

Solutions

Expert Solution

A)

Here, μ = 35, σ = 1.6903 and x = 39. We need to compute P(X >= 39). The corresponding z-value is calculated using Central Limit Theorem

z = (x - μ)/σ
z = (39 - 35)/1.6903 = 2.37

Therefore,
P(X >= 39) = P(z <= (39 - 35)/1.6903)
= P(z >= 2.37)
= 1 - 0.9911 = 0.0089


B)


Here, μ = 35, σ = 1.6903 and x = 37. We need to compute P(X <= 37). The corresponding z-value is calculated using Central Limit Theorem

z = (x - μ)/σ
z = (37 - 35)/1.6903 = 1.18

Therefore,
P(X <= 37) = P(z <= (37 - 35)/1.6903)
= P(z <= 1.18)
= 0.8810

C)

Here, μ = 35, σ = 1.6903, x1 = 33 and x2 = 39. We need to compute P(33<= X <= 39). The corresponding z-value is calculated using Central Limit Theorem

z = (x - μ)/σ
z1 = (33 - 35)/1.6903 = -1.18
z2 = (39 - 35)/1.6903 = 2.37

Therefore, we get
P(33 <= X <= 39) = P((39 - 35)/1.6903) <= z <= (39 - 35)/1.6903)
= P(-1.18 <= z <= 2.37) = P(z <= 2.37) - P(z <= -1.18)
= 0.9911 - 0.119
= 0.8721


Related Solutions

Compare and contrast the job requirements and working conditions for human resource managers and financial managers....
Compare and contrast the job requirements and working conditions for human resource managers and financial managers. -200 Words -One or Two Sources
Is the term “debit” always used to describe an increase and the term “credit” used to...
Is the term “debit” always used to describe an increase and the term “credit” used to describe a decreas
There is many types of compactors and rollers used in the construction of flexible pavement. mention...
There is many types of compactors and rollers used in the construction of flexible pavement. mention all the types of those rollers and compactor and what are the differences between them and why each type is used for. Take in consideration the effect of changing in the bitumen viscosity with the decrease in the mix temperature during construction. I need new answer please
A sample of 130 working students at a large university was asked how many hours they...
A sample of 130 working students at a large university was asked how many hours they work in a typical week. A 95% z confidence interval for the average number of hours a week a typical student employee works was (13.5, 15.3) (a)Identify each of the following interpretations as TRUE or FALSE with a brief explanation for each. i. 95% of sampled student workers work between 13.5 and 15.3 hours in a typical week. ii. We are 95% confident that...
Describe revenue management and explain tools used by revenue managers.
Describe revenue management and explain tools used by revenue managers.
Instructions: Quite often, I have heard many people say that "a managers job is simply to...
Instructions: Quite often, I have heard many people say that "a managers job is simply to tell people what to do." I sometimes wonder if that is true! Hey, I just thought of a great idea. Instead of just wondering if that statement has any validity to it, let's just ask a manager. Your task for this week is to interview a manager.  It can be a present or past manager or someone whom you have never worked with. You may...
Instructions: Quite often, I have heard many people say that "a managers job is simply to...
Instructions: Quite often, I have heard many people say that "a managers job is simply to tell people what to do." I sometimes wonder if that is true! Hey, I just thought of a great idea. Instead of just wondering if that statement has any validity to it, let's just ask a manager. Your task for this week is to interview a manager.  It can be a present or past manager or someone whom you have never worked with. You may...
Describe how legislation impacts on the role of an individual working in job costing.
Describe how legislation impacts on the role of an individual working in job costing.
In his current job, Jake can work as many hours per day as he chooses and...
In his current job, Jake can work as many hours per day as he chooses and is paid $10 per hours. Faced with this wage schedule, he chooses to work 12 hours per day. A law has just been passed requiring employers to pay double wages for any hours in excess of 8 hours. True/False: Assuming that leisure is a normal good for Jake, he will certainly work more than 12 hours per day. With the use of an appropriate...
a. Define the term ‘job satisfaction’ and How do employer measure employee job satisfaction? Describe each.
a. Define the term ‘job satisfaction’ and How do employer measure employee job satisfaction? Describe each.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT