Question

# According to a National Association of Colleges and Employers, the average starting salary for new college...

According to a National Association of Colleges and Employers, the average starting salary for new college graduates in health sciences is \$51,541. The average starting salary for new college graduates in business is \$53,901.† Assume that starting salaries are normally distributed and that the standard deviation for starting salaries for new college graduates in health sciences is \$13,000. Assume that the standard deviation for starting salaries for new college graduates in business is \$17,000

a) What is the probability that a new college graduate in business will earn a starting salary of at least \$63,000? (Round your answer to four decimal places.)

b) What is the probability that a new college graduate in health sciences will earn a starting salary of at least \$63,000? (Round your answer to four decimal places.)

c) What is the probability that a new college graduate in health sciences will earn a starting salary less than \$46,000? (Round your answer to four decimal places.)

d) How much would a new college graduate in business have to earn in dollars in order to have a starting salary higher than 99% of all starting salaries of new college graduates in the health sciences? (Round your answer to the nearest whole number.) _______\$

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