Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary

image text in transcribed
Question 4 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 $128,000. Assume the standard deviation is $37,000. Suppose you take a simple random sample of 43 graduates. Round all answers to four decimal places if necessary. a. What is the distribution of X? X - N b. What is the distribution of a? X - N( c. For a single randomly selected graduate, find the probability that her salary is between $124,536 and $131,557. d. For a simple random sample of 43 graduates, find the probability that the average salary is between $124,536 and $131,557. e. For part d), is the assumption of normal necessary? O NoO Yes Question Help: Video Message instructor Submit Question Jump to

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

Statistics For Business And Economics

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

11th Edition

978-0324783254, 324783256, 978-0324783247, 324783248, 978-0538481649

More Books

Students also viewed these Mathematics questions