Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business Weekly conducted a survey of graduates from 30 top MBA programs. Data were approximately normally distributed. On the basis of the survey, assume the

Business Weekly conducted a survey of graduates from 30 top MBA programs. Data were approximately normally distributed. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 156000 dollars. Assume the standard deviation is 45000 dollars. Suppose you take a simple random sample of 97 graduates. Find the probability that a single randomly selected salary is at most 158000 dollars. Answer = Find the probability that a sample of size n = 97 is randomly selected with a mean that is at most 8000 dollars Answer= Enter your answers as numbers accurate to 4 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Differential Geometry

Authors: Andrew N Pressley

2nd Edition

1848828918, 9781848828919

More Books

Students also viewed these Mathematics questions

Question

When using normal costing, how are jobs charged with overhead? LO1

Answered: 1 week ago