The average base salary for women as copywriters in advertising firms is higher than the average base salary for men. The average base salary foe woman is $67,000and the average base salary for men is $65,000. Assume salaries are normally distributed and that the standard deviation is $7000 for both men and women. a. What is the probability of a woman receiving a salary in excess of $75,000? b. What is the probability of a man receiving a salary in excess of $75,000? c. What is the probability of women receiving a salary below $50,000? How much would a woman have to make to have a higher salary than 99% of her male counterparts?
a. What is the probability of a woman receiving a salary in excess of $75,000?
0.48997
b. What is the probability of a man receiving a salary in excess of $75,000?
0.49887
c. What is the probability of women receiving a salary below $50,000?
0.48879
How much would a woman have to make to have a higher salary than 99% of her male counterparts?
Enough that you are in the 1% who earn more than 99% of the men.
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a. What is the probability of a woman receiving a salary in excess of $75,000?
0.48997
b. What is the probability of a man receiving a salary in excess of $75,000?
0.49887
c. What is the probability of women receiving a salary below $50,000?
0.48879
How much would a woman have to make to have a higher salary than 99% of her male counterparts?
Enough that you are in the 1% who earn more than 99% of the men.
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