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8 Nov 2021

Given information

Here, the mean of the given distribution (μx)=$44,000; The standard deviation (σx)=6,500;

the sample size(n)=10; Let X=$400,000;

P(∑X>$400,000)=?

Step-by-step explanation

Step 1.

As we know, the mean for the total salaries of the teachers =(n)*(μx)=10*($44,000)=$440,000;

And the standard deviation for the total salaries of the teachers ;

;

Now by the z-score formula,

 

Z=(400,000-440,000)/20,554.80=-1.9460;

So, NORM.S.DIST(-1.9460)=0.02582;

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Introductory Statistics
OER Edition, 2013
Openstax
ISBN: 9781938168208

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