SOLUTION: average take-home pay has increased by 4% to reach R14,500, standard deviation of R4000, suggest I was offered a job and expected to get R15,500,what would be the probability?

Algebra ->  Probability-and-statistics -> SOLUTION: average take-home pay has increased by 4% to reach R14,500, standard deviation of R4000, suggest I was offered a job and expected to get R15,500,what would be the probability?       Log On


   

Question 1153119: average take-home pay has increased by 4% to reach R14,500, standard deviation of R4000, suggest I was offered a job and expected to get R15,500,what would be the probability?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
Find z>= (15500-14500)/4000 or +0.25
That probability is 0.4013