In: Statistics and Probability
According to a local business research, the hourly wage of workers in NY state follows a normal distribution with a standard deviation of $5.00, and a mean $23.00.
What is the probability that a randomly selected NY resident has an hourly wage greater than $25.00?
What is the probability that the average of 6 randomly selected NY residents is greater than $25.00?
What is the probability that all of the 6 people in the randomly selected sample have an hourly wage greater than $25.00?