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Author Question: The average starting salary of this years graduates of a large university (LU) is $25,000 with a ... (Read 153 times)

Tiffanyanne824

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on: Mar 25, 2023

Question 1

The average starting salary of this year's MBA students is $35,000 with a standard deviation of $5,000. Furthermore, it is known that the starting salaries are normally distributed. What are the minimum and the maximum starting salaries of the middle 95% of MBA graduates?



Question 2

The average starting salary of this year’s graduates of a large university (LU) is $25,000 with a standard deviation of $5,000.  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 $31,000?
b.Individuals with starting salaries of less than $12,200 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 68 of the recent graduates have salaries of at least $35,600, how many students graduated this year from this university?

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by Tiffanyanne824 on Mar 25, 2023

3ginamay

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Tiffanyanne824

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Reply 2 on: Mar 25, 2023
Excellent

bdobbins

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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