document.write( "Question 311552: Salary offer You are applying for a job at two companies. Company A offers starting salaries with u = $31,000 and o = $1,000. Company B offers starting salaries with u = $31,000 and o = $5,000. From which company are you more likely to get an offer of $33,000 or more? \r
\n" );
document.write( "\n" );
document.write( "The u is the lowercase Greek letter (mu), I'm not sure what the other symbol stands for o? it looks like an o with a little hook on top? \n" );
document.write( "
Algebra.Com's Answer #222898 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! lowercase mu is the mean (average) offer\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the \"o with a hook\" is a lowercase sigma and stands for the standard deviation of the offer amounts\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "33000 is 2 standard deviations above the mean for company A; but less than one standard deviation above the mean for company B\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "statistically speaking; the likelyhood is much better for a 33000 offer from B \n" ); document.write( " |