Solve the problem below.
The average monthly salary for a newly hired teacher in a private school is P18,000. If the hiring salary at this school is normally distributed with a standard deviation of P3,000, what is the probability that a newly hired employee randomly selected from a list receives a monthly salary which is less than P15,000?
Write your solution here:
We have that:
"\\mu=18000"
"\\sigma=3000"
"P(X<15000)=P(Z<\\frac{x-\\mu}{\\sigma})=P(Z<\\frac{15000-18000}{3000})=P(Z<-1)=0.1587"
Answer: the probability that a newly hired employee receives a monthly salary less than P15,000 is 15.87%.
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