Vail Resorts pays part-time seasonal employees at ski resorts on an hourly basis

Question

Vail Resorts pays part-time seasonal employees at ski resorts on an hourly basis. At a certain mountain, the hourly rates have a normal distribution with = $2.00.

If 30 percent of all part-time seasonal employees make more than $18.17 an hour, what is the average hourly pay rate at this mountain? (Round your answer to 2 decimal places.)

Vail Resorts pays part-time seasonal employees at ski resorts on an hourly basis. At a certain mountain, the hourly rates have a normal distribution with = $2.00.

Explanation / Answer

hourly rates have a normal distribution with a standard deviation of $2.00 30 percent of all part-time seasonal employees make more than $18.17 an hour P(all part-time seasonal employees make more than $18.17 an hour) = .30 then correspondingly z = .5244 ($18.17 - )/$2 = .5244 $18.17 - 2(.5244) = $17.12 =

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