The mean is $32,00 and a standard deviation of $4,000
To get the z-score from which the top 10% start, we use the sketch below and and the standard normal distribution tables.
We use the formula z="\\frac{X-\\mu}{\\sigma}"
z = 1.2816 = "\\frac{X- 32,000}{4,000}"
X = (1.2816*$4,000) + $32,000
X = $37,126.40
Therefore, the cutoff salary for teachers in the top 10% is $37,126.40
Comments
Leave a comment