The most successful quantitative analysis will separate the analyst from the managerial team until after the problem is fully structured.
Indicate whether the statement is true or false
Question 2
The average starting salary for this year's graduates at a large university (LU) is 30,000 with a standard deviation of 8,000 . Furthermore, it is known that the starting salaries are normally distributed.
a. What is the probability that a randomly selected LU graduate will have a starting salary of at least 30,400?
b. Individuals with starting salaries of less than 15,600 receive a low income tax break. What percentage of the graduates will receive the tax break?
c. What are the minimum and the maximum starting salaries of the middle 95 of the LU graduates?
d. If 303 of the recent graduates have salaries of at least 43,120, how many students graduated this year from this university?
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