Question

A worker earns $16 per hour at a plant and is told that only 5% of all workers make a higher wage. if the wage is assumed to be normally distributed and the standard deviation of wage rates is $5 per hour, find the average wage for the plant workers per hour.

Answer 1

The average wage for the plant workers per hour is $8. P(x > 16) = .05 (16 - .8)/5 = 1.6 1.6 * 5 = $8The answer in this question is $8.8 dollar will be the average wage for the plant workers per hour who earns $16 per hour and who is also told that only 5% of all th woorkers make a higher wage.