5. Sergio applied for a job with a starting pay rate of $8.00 per hour. The manager who hired him said
that his pay would increase by about 5% per year.
What will be his pay rate 4 years from now? (Round
to nearest cent.)

Acompany produces packets of soap powder labeled “giant size 32 ounces.” the actual weight of soap powder in such a box has a normal distribution with a mean of 33 oz and a standard deviation of 0.7 oz. to avoid having dissatisfied customers, the company says a box of soap is considered underweight if it weighs less than 32 oz. to avoid losing money, it labels the top 5% (the heaviest 5%) overweight. how heavy does a box have to be for it to be labeled overweight?