Inactive Tutor answered 01/26/14
Tutor
New to Wyzant
You will need to use the z-score formula.
Let X = 36000
Z = (X - μ ) / σ
Z = (X - μ ) / σ
Step 1: Insert given information and calculate.
Z = (36000 - 32000) / 3000 = 1.33
simplify the problem to
Z=(36-32)/3 by reducing by a factor of 1,000
z=1.33
Step 2: look at a standardized normal distribution table to find the probability for P(Z<1.33),
P(Z<1.33) =0.9082 for those that make less than $36,000
To find the probability for those that make more than $36000 we have to subtract those that make less than $36000 from the whole sample (1).
P ( Z>1.33 )=1−P ( Z<1.33 )=1−0.9082=0.0918