In order to calculate the salary for a z-score of 2, we can use the following formula:
Where μ is the mean and σ is the standard deviation.
So, for z = 2, μ = 54134 and σ = 10320, we have:
The salary is $74,774.
2)
For z = -2, we have:
The salary is $33,494.
3)
For z = 0, we have:
The salary is $54,134.
4)
For z = 2.3, we have:
The salary is $77,870.
5)
For z = -2.5, we have:
The salary is $28,334.