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(Answered) How do I approach this problem?? I don't even know where to begin. if using excel what would my approach be?


How do I approach this problem?? I don't even know where to begin. if using excel what would my approach be?


How do I approach this problem?? I don't even know where to begin. if using excel what would my approach be?The weekly wages paid to the employees of a small company that supplies part-time laborers averages $700 with a standard deviation of $400. A. If the weekly wages are normally distributed, estimate the fraction of employees that make more than $300 per week? B. If every employee receives a year-end bonus that adds $500 to the paycheck in the final week, what is the distribution of paychecks for the last week? C. If every employee receives a bonus equal to 5% of their yearly wage, how does that change the distribution of wages in the final week?

 


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Jan 02, 2020

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