Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Good morning :) this is a test and I have 30 minutes to answer. No explanation needed Business Weekly conducted a survey of graduates from

Good morning :) this is a test and I have 30 minutes to answer. No explanation needed

image text in transcribed
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 167000 dollars. Assume the standard deviation is 39000 dollars. Suppose you take a simple random sample of 66 graduates. Find the probability that a single randomly selected salary is at least 166000 dollars. P(X > 166000) = Find the probability that a sample of size n = 66 is randomly selected with a mean that is at least 166000 dollars. P(M > 166000) = 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

College Algebra

Authors: Cynthia Y Young

3rd Edition

1118475690, 9781118475690

More Books

Students also viewed these Mathematics questions