Business interns from a small private college earn an average annual salary of $43,000. Let the salary

Question:

Business interns from a small private college earn an average annual salary of $43,000. Let the salary be normally distributed with a standard deviation of $18,000.

a. What percentage of business interns make between $40,000 and $50,000?

b. What percentage of business interns make more than $80,000?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Analytics Communicating With Numbers

ISBN: 9781260785005

1st Edition

Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen

See More Books

Question Posted: Mar 18, 2023 06:11 AM

See More Questions

The average high school teacher annual salary is $43,000 (Payscale.com, August 20, 2010). Let teacher salary be normally distributed with a standard deviation of $18,000. a. What percentage of high...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
A group of 85 executives has an average annual salary of $80,000 and a standard deviation of $2,000. How many executives are expected to have an annual salary of $84,000 or more?
Problem 1 , Refer to Problem I. (a) Find the cumulative distribution function F(x). Be sure to write your answer in the appropriate way. (b) Find the mean value of X, i.e. find E(X). (c) Find the...
For the distribution of the sample means that you produced in Exercise 7 (truck odometers), a. Show that the mean of the distribution is equal to the population mean. b. Compute the standard...
1. Evaluate each of the following integrals. (a) (b) (c) 0:::; a < b.
M/s Anil & Company, a firm of building contractors undertook a contract for construction of a commercial complex on 1st January 1997. The following was the expenditure on the contract for Rs...
Victor Mineli, the new controller of Santorini Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings: All...
Current Attemptin Progre Hendeedom an 1 Hetired of the pronary 1, 2012 2,000 wswire So the purchased on 2018. There 4000 dwars w the computer. 100 Dec 31 Dekat pudowy 12018 The 330d nayewh00...
A financial advisor informs a client that the expected return on a portfolio is 8% with a standard deviation of 12%. There is a 15% chance that the return would be above 16%. If the advisor is right...
A professional basketball team averages 105 points per game with a standard deviation of 10 points. Assume points per game follow the normal distribution. a. What is the probability that a games...
A depreciable business dump truck has been owned for four years and is no longer useful to the taxpayer. What would have to be true for the disposition of the dump truck to generate at least some ...
What is current divider rule?Explain with a suitable example.
How do we design a Successive Approximation Register using PSPICE software?
1.Differentiate between a leader and a manager. 2.Highlight the sources of leadership power. 3.Highlight the styles of leadership and the one which is applicable in a small business. 4.Examine some...
Consider steady one-dimensional heat transfer through a multilayer medium. If the rate of heat transfer is known, explain how you would determine the temperature drop across each layer.
Reconsider Prob. 1474. In order to drain the tank faster, a pump is installed near the tank exit as in Fig. P1475. Determine how much pump power input is necessary to establish an average water...
If property is sold at a loss to a related taxpayer, under what circumstances can at least partial benefit be derived from the disallowed loss?
Assume that Jill is engaged in painting as a hobby. During the year, she earns $1,000 from sales of her paintings and incurs $1,300 expenses for supplies and lessons. Jills salary from her job is...
Under Sec. 280A, what constitutes personal use of a vacation home by the taxpayer?
You are evaluating a new project for the firm you work for, a publicly listed firm. The firm typically finances new projects using the same mix of financing as in its capital structure, but this...
state, "The subscription price during a rights offering is normally r; lower ; lower r; higher er; higher than the rights-on price and
Arnold inc. is considering a proposal to manufacture high end protein bars used as food supplements by body builders. The project requires an upfront investment into equipment of $1.4 million. This...

Business interns from a small private college earn an average annual salary of $43,000. Let the salary

Question:

Step by Step Answer:

Let X represent the sa...View the full answer

Business Analytics Communicating With Numbers

Students also viewed these Business questions