Question

1.3 The monthly salaries of the employees at Lyman Limited follow a normal distribution with an average salary of R 14 000 and a standard deviation of R 500.
a) What percentage of employees get paid between R 13 000 and R 15 500? (5 Marks)
b) If a female employee claims to be in the top 10% of highest paid employees at the company, what
must be her minimum monthly salary?

please assist with a breakdown of the answer

Answer 1

Answer:

10. Steve current job pays $75,000 annually plus 26% of wages in benefits. He estimates that his yearly job expenses are $4,200. A new job has been offered that pays $70,000 yearly with estimated benefits: $1,500 in pensions, $600 in free parking, $1,100 in paid vacation, $1,300 in paid holidays, $1,900 in health insurance, and $480 in tools. The new job has expenses of $2,600. What are his current job's net job benefits? What are the new job's net job benefits?