In: Statistics and Probability
According to the data released by the Chamber of Commerce of a certain city, the weekly wages of factory workers are normally distributed with a mean of $710 and a standard deviation of $50. Find the probability that a worker selected at random from the city makes the following weekly wage. (Round your answers to four decimal places.) (a) less than $710 = (b) more than $835 = (c) between $660 and $760=
Solution:
Given in the question
the weekly wages of factory workers are normally distributed
with
Mean ()=
$710
Standard deviation ()=
$50
Solution(a)
We need to calculate the probability that a worker selected at
random from the city makes the weekly wage less than $710
P(X<710) = ?
Here we will use the standard normal table. First, we will
calculate Z-score which can be calculated as
Z = (X -
)/
= (710-710)/50 = 0
From Z score we found P-value
P(X<710) = 0.50
So we can say that probability that a worker selected at random
from the city makes the weekly wage less than $710 is 50%
Solution(b)
We need to calculate the probability that a worker selected at
random from the city makes the weekly wage more than $835
P(X>835) = ?
Z = (X -
)/
= (835-710)/50 = 2.5
From Z score we found P-value
P(X>835) = 0.00621
So we can say that probability that a worker selected at random
from the city makes the weekly wage More than $835 is 0.62%
Solution(c)
We need to calculate the probability that a worker selected at
random from the city makes the weekly wage between $660 and
$760
P($660<X<$760) = P(X<760) - P(X<660)
Z = (X -
)/
= (760-710)/50 = 1
Z = (660 - 710)/50 = -1
From Z score we found P-value
P($660<X<$760) = P(X<760) - P(X<660) = 0.8413 - 0.1587
= 0.6826
So we can say that the probability that a worker selected at random
from the city makes the weekly wage between $660 and $760 is
68.26%.