Jerry makes $40,000 a year working at a nearby factory. He gets two weeks paid vacation per year, plus five other paid holidays.
2 answers:
Answer:
Vacation pays are not included in salaries. Therefore, Jerry's calculation is wrong.
Step-by-step explanation:
Given is :
Jerry makes $40,000 a year working at a nearby factory.
He gets two weeks paid vacation per year, plus five other paid holidays.
So total paid holidays become = days
Subtracting 19 from 365 days and assuming that Jerry works for 365 days a year.
We get = days
So, his per day salary will be =
Vacation pays are not included in salaries. Therefore, Jerry's calculation is wrong.
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Answer:
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Let X the random variable that represent interest on this case, and for this case we know the distribution for X is given by:
And let represent the sample mean, the distribution for the sample mean is given by:
On this case
Solution to the problem
We want this probability:
The best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this: