The annual salaries of all employees at a financial company are normally distributed with a mean of $34,000 and a standard deviation of $4,000. What is the z-score of a company employee who makes an annual salary of $54,000?

Question

The annual salaries of all employees at a financial company are normally distributed with a mean of $34,000 and a standard deviation of $4,000. What is the z-score of a company employee who makes an annual salary of $54,000?

Accepted Answer

Answer:Step-by-step explanation:We have been given that the The annual salaries of all employees at a financial company are normally distributed with a mean of $34,000 and a standard deviation of $4,000.To solve our given problem we will use z-score formula.where,,,,Upon substituting our given values in z-score formula we will get,Therefore, the z-score of a company employee who makes an annual salary of $54,000 is 5....

Unlock full access for 72 hours, watch your grades skyrocket.

For just $0.99 cents, get access to the powerful quizwhiz chrome extension that automatically solves your homework using AI. Subscription renews at $5.99/week.

QuizWhiz AI

Solved:

The annual salaries of all employees at a financial company are normally distributed with a mean of $34,000 and a standard deviation of $4,000. What is the z-score of a company employee who makes an annual salary of $54,000?

The annual salaries of all employees at a financial company are normally distributed with a mean of $34,000 and a standard deviation of $4,000. What is the z-score of a company employee who makes an annual salary of $54,000?