Posted by Rashonda on .
Assume that the average annual salary for a worker in the United States is $32,000 and that the annual salaries for Americans are normally distributed with a standard deviation equal to $7,000. Find the following:
(A) What percentage of Americans earn below $24,000?
(B) What percentage of Americans earn above $36,000?
Please show all of your work.
(Points : 6)
(A) 24,000 is 8/7 of one standard deviation below the mean.
(B) 36,000 is 4/7 of one standard deviation above the mean.
You need a "normal distribution" table or computational tool to compute the percentages below 24,000 and above 36,000.
There is one such calcualtor tool at
For (A), I get 12.65%
For (B), I get 28.4%