60 Salaries of travel professionals. According to a Natimal Business Travel Association (NBTA) 2008 survey, the average
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60 Salaries of travel professionals. According to a Natimal Business Travel Association (NBTA) 2008 survey, the average salary of a travel management professional is
$97,300. Assume that the standard deviation of such salaries is $30,000. Consider a random sample of 50 travel management professionals, and let x represent the mean salary for the sample.
a. What is mx ?
b. What is sx ?
c. Describe the shape of the sampling distribution of x.
d. Find the z -score for the value x = +89,500.
e. Find P(x 7 89,500).
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