MGT 218: According to the U.S. Employment
According to the U.S.Employment and Training Administration, the average weekly unemployment benefit paid out in 2008 was $297. Suppose that the current distribution of weekly unemployment benefits paid out is approximately normally distributed with a mean of $297 and a standard deviation of $74.42. Find the probability that a randomly selected American who is receiving unemployment benefits is receiving :
- a) more than $ 400 per week
- b) between $200 and $340 per week.
