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Category > Business & Finance Posted 13 May 2017 My Price 10.00

According to the Bureau of Labor Statistics

According to the Bureau of Labor Statistics, it takes an average of 22 weeks for someone over 55 to find a new job, compared with 16 weeks for younger workers (The Wall Street Journal, September 2 , 2008). Assume that the probability distributions are normal and that the standard deviation is 2 weeks for both distributions.

 

a. What is the probability that it takes a worker over the age of 55 more than 19 weeks to find a job?

b. What is the probability that it takes a younger worker more than 19 weeks to find a job?

c. What is the probability that it takes a worker over the age of 55 between 23 and 25 weeks to find a job?

d. What is the probability that it takes a younger worker between 23 and 25 weeks to find a job?

 

Answers

Alpha Geek
(8)
Status NEW Posted 13 May 2017 08:05 AM My Price 10.00

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Attachments

file 1494663607-2233012_1_636301740020844702_probability-Norm-Dist.xlsx preview (334 words )
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