Question
A consulting firm specializing in compensation has informed you that the average starting salary for an Accountant is $49,700 with a standard deviation of $2,500.Assuming
A consulting firm specializing in compensation has informed you that the average starting salary for an Accountant is $49,700 with a standard deviation of $2,500.Assuming that the salaries follow a normal distribution, determine the following.
- What is the probability of a starting salary between $45,000 and $55,000?
- What is the probability a starting salary exceeds $53,000?
- What percent of a starting salary between $52,500 and $55,000?
- The top 10% earn more than what dollar amount?.
b.
c.
d.
question 2.
A survey of an urban university showed that 900 of 1,500 students sampled supported a fee increase to fund improvements to the student recreation center. Using the 95% level of confidence, what is the confidence interval for the population proportion?Enter answer as a decimal rounded to three decimal places.
Lower Limit....................
Upper Limit................
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