Jodie Smith is a young business graduate student eager to start working for one of the top companies in the country. With the recent financial crises, she is aware that salaries have not progressed over the last few years. She wonders if she should continue to studying for a master’s degree or to apply for a job. She determines that if a company offers less than $32,000 per annum, she will continue studying. She interviewed nine friends who were working, and she received the following information:

$ $

35,000 18,000 28,000 38,000 32,000 31,000 29,000 27,000 28,000 Assume that starting salaries are normally distributed. Compute the mean and standard deviation for these data and determine the probability that Jodie will get a position that will pay her at least

$32,000. ( LO,1)