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Business Weekly conducted a survey of recent graduates from the top MBA programs. On the basis of the survey, assume that 55% of the
Business Weekly conducted a survey of recent graduates from the top MBA programs. On the basis of the survey, assume that 55% of the recent graduates annual salary exceeds $55000. Suppose you take a simple random sample of 85 recent graduates. Note: round all z scores to 2 decimal places and all other numbers to 4 decimal places. Find the probability that more than 45% of the 85 recent graduates have an annual salary exceeding $55000. 0.0268 Beyond representative sampling, what assumptions are needed to satisfy the requirements for this problem? OX binomial and both np and nq at least 5 OX normal or n 30 OX normal and n > 30 OX binomial and at least 5 successes and failures
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