The average salary for graduates entering the actuarial field is $63,000. If the salaries are normally distributed
Question:
The average salary for graduates entering the actuarial field is $63,000. If the salaries are normally distributed with a standard deviation of $5000, find the probability that
a. An individual graduate will have a salary over $68,000.
b. A group of nine graduates will have a group average over $68,000.
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Related Book For
Elementary Statistics A Step By Step Approach
ISBN: 9781259755330
10th Edition
Authors: Allan G. Bluman
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