What is the computed z of the problem stated below?
The average monthly salary for a call center representative in the Philippines is P 21,700 with a standard deviation of P 6,000. Find the probability that a group of 64 randomly selected call center representatives has an average salary higher than P 22,000 per month.
Solution:
Let'a denote given values;
"\\mu=21700" P - population mean;
"\\chi=22000" P - sample mean;
"\\sigma=6000" P - standard deviation;
"n=64" - sample number.
So, find z score:
"z=\\frac{\\Chi-\\mu}{\\frac{\\sigma}{\\sqrt{n}}}=\\frac{22000-21700}{\\frac{6000}{\\sqrt{64}}}=0.4;"
"z" score of 0.4 equal "0.6554;"
We need to find probability of higher than 22000. So "1-0.6554=0.3446"
"P=0.3446=34.46\\%"
Answer:
"z=0.4;"
"P=34.46\\%."
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