assume that the salaries of the elementary school teachers in the united states are normally distributed with a mean of $31,450 and a standard deviation of $2,995. What is the cutoff salary for teachers in the bottom 15%?
We have given,
"\\mu = 31450"
"\\sigma = 2995"
z score = "-1.036"
We use the formula,
"z = \\dfrac{X - \\mu}{\\sigma}"
"-1.306 = \\dfrac{X-31450}{2995}"
"-3911.47 = X - 31450"
"X = 27538.53"
Hence, the cut off salary "= 27538.53$"
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