Group Exercise: Standard Scores
Calculate the standard score (Z) and determine the probability for the following conditions. The mean hourly wage for New Yorkers with a college degree is $18.25. The population standard deviation is $11.80. Each group will demonstrate their work on the whiteboard.
You can compute the area under the normal curve here: http://www.stat.berkeley.edu/~stark/SticiGui/Text/clt.htm#normal_curve
1. What is the probability of drawing a person at random whose wage is below $15?
2. What is the probability of drawing a person at random whose wage is above $25?
3. What is the probability of drawing a person at random whose wage is between $19 and $23?
4. What is the probability of drawing a person at random whose wage is between $14 and $18?
5. What is the probability of drawing a person at random whose wage is between $20 and $22?
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