document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1078213>Question 1078213</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The monthly salary in a big organization is normally distributed with mean Rs. 3000, and standard deviation of Rs. 250. What should be the minimum salary of a worker in the organization so that the probability that he belongs to top 5% workers.\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #692715 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=692715\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The monthly salary in a big organization is normally distributed with mean Rs. 3000, and standard deviation of Rs. 250. What should be the minimum salary of a worker in the organization so that the probability that he belongs to top 5% workers. <BR>\n" );
document.write( "-------<BR>\n" );
document.write( "Find the z-value with a right tail of 5%.<BR>\n" );
document.write( "invNorm(0.95) = 1.645<BR>\n" );
document.write( "----<BR>\n" );
document.write( "Find the corresponding salary value::<BR>\n" );
document.write( "x = z*s + u<BR>\n" );
document.write( "x = 1.645*250 + 3000 = Rs 3411.21<BR>\n" );
document.write( "-------------------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "------------------ </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );