The average pay per hour for an employee in the packaging and shipping department of XYZ Corporation is $12.88 with a standard deviation of $0.95. Assume normal distribution applies
Compute the pay per hour which the top 5% of the employees make that much or more.
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$13.23
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$14.44
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$9.86
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$15.17
What is the probability that an employee's pay is $12.88 per hour?
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0
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0.50
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Greater than 0.5
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Higher than 0, but less than 0.5
Demand for a product is normally distributed with mean demand equal to 200 units. There is a 0.95 probability that demand for this produce is between 180 to 220 units. Estimate the probability that demand for this product will exceed 195 units?
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0.228
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0.438
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0.688
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0.189