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Assume that the annual earnings of all employees with CPA certification and 6 years of experience and working for large firms


nent 8th-ed Chapter 03, Advanced Exercises, Problem 118b Assume that the annual earnings of all employees with CPA certificat
NSTRUCTOR FULL SCREEN BACK NEXT afication and 6 years of experience and working for large firms have a bell-shaped distributi
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Answer #1

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Normal distribution is :
Mean = 135000
Stdev = 15000

68% is 1 deviation away from mean

= Mean - 1*Stdev to Mean + 1*Stdev
= 135000 -1*15000 to 135000 + 1*15000
= $120000 to $150000


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