You are applying for a job at two companies. Company A offers starting salaries with mu equals μ=$27,000 and σ=$3,000. Company B offers starting salaries with μ=$27,000 and sσ=$7,000. From which company are you more likely to get an offer of ​33,000 or​more?

Respuesta :

Answer:

For the company A : [tex] P(X>33000)= P(Z> \frac{33000-27000}{3000}) =P(Z>2) = 1-P(Z<2)= 0.0228[/tex]

For the company B: [tex] P(X>33000)= P(Z> \frac{33000-27000}{7000}) =P(Z>0.857) = 1-P(Z<0.857)= 0.196[/tex]

So as we can see we have a higher probability for the company B.

Step-by-step explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

Company A

Let X the random variable that represent the salaries of a population, and for this case we know the distribution for X is given by:

[tex]X \sim N(27000,3000)[/tex]  

Where [tex]\mu=27000[/tex] and [tex]\sigma=3000[/tex]

For this case if we find the probability for [tex] P(X>33000)[/tex] using the z score given by:

[tex] z= \frac{x -\mu}{\sigma}[/tex]

And if we use this formula we got:

[tex] P(X>33000)= P(Z> \frac{33000-27000}{3000}) =P(Z>2) = 1-P(Z<2)= 0.0228[/tex]

Company B

Let X the random variable that represent the salaries of a population, and for this case we know the distribution for X is given by:

[tex]X \sim N(27000,7000)[/tex]  

Where [tex]\mu=27000[/tex] and [tex]\sigma=7000[/tex]

For this case if we find the probability for [tex] P(X>33000)[/tex] using the z score given by:

[tex] z= \frac{x -\mu}{\sigma}[/tex]

And if we use this formula we got:

[tex] P(X>33000)= P(Z> \frac{33000-27000}{7000}) =P(Z>0.857) = 1-P(Z<0.857)= 0.196[/tex]