Question

A survey reported that the mean starting salary for college graduates after a three-year program was...

A survey reported that the mean starting salary for college graduates after a three-year program was $33,176. Assume that the distribution of starting salaries follows the normal distribution with a standard deviation of $3500. What percentage of the graduates have starting salaries:

a. Between $30,000 and $38,000?

Probability =

b. More than $42,000?

Probability =

c. Between $38,000 and $42,000?

Probability =

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A survey reported that the mean starting salary for college graduates after a three-year program was...
A survey reported that the mean starting salary for college graduates after a three-year program was $34,180.Assume that the distribution of starting salaries follows the normal distribution with a standard deviation of $3950. What percentage of the graduates have starting salaries: (Round z-score computation to 2 decimal places and the final answers to 4 decimal places.)   a. Between $31,600 and $38,000? Probability            b. More than $44,100? Probability            c. Between $38,000 and $44,100? Probability           
A survey reported that the mean starting salary for college graduates after a three-year program was...
A survey reported that the mean starting salary for college graduates after a three-year program was $34,170.Assume that the distribution of starting salaries follows the normal distribution with a standard deviation of $3190. What percentage of the graduates have starting salaries: (Round z-score computation to 2 decimal places and the final answers to 4 decimal places.)   a. Between $31,800 and $38,200? Probability            b. More than $42,700? Probability            c. Between $38,200 and $42,700? Probability           
2. A random sample of 12 recent college graduates reported an average starting salary of $54,000...
2. A random sample of 12 recent college graduates reported an average starting salary of $54,000 with a standard deviation of $6,000. To construct a 95% confidence interval for the mean starting salary of college graduates, what will be the margin of error? Round to whole dollars.
The average starting salary of this year’s graduates of a large university (LU) is $60,000 with...
The average starting salary of this year’s graduates of a large university (LU) is $60,000 with a standard deviation of $5,000. Furthermore, it is known that the starting salaries are normally distributed. 1. What is the probability that a randomly selected LU graduate will have a starting salary of at least $66,000? 2. Individuals with starting salaries of less than $45,000 receive a free class. What percentage of the graduates will receive a free class? 3. According to the textbook,...
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...
Starting Salary Problem In 2013, the mean starting salary for college graduates who major in Social...
Starting Salary Problem In 2013, the mean starting salary for college graduates who major in Social Work was $45,000. An analyst for a job searching company claims that the mean starting salary has since decreased. In a random sample of 38 job posting for social workers, the mean starting salary was $43,200 with a standard deviation of $9,340. Test the claim using a significance level of 0.10. Determine the p-value. Round your answer to 4 decimal places.
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of...
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 $152,000. Assume the standard deviation is $42,000. Suppose you take a simple random sample of 20 graduates. Round all answers to four decimal places if necessary. What is the distribution of X ? X ~ N( , ) What is the distribution of ¯¯¯ X ? ¯¯¯ X ~ N(...
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of...
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 $146,000. Assume the standard deviation is $38,000. Suppose you take a simple random sample of 46 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 ¯x? ¯x ~ N(      ,     )...
Annual starting salaries for college graduates with degrees in business administration are generally expected to be...
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $30,000 and $45,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. a. What is the planning value for the population standard deviation? How large a sample should be taken if the desired margin of error is b.$500? c.$200? d.$100? e.Would you recommend trying to obtain the $100 margin of error? Explain.
Monthly Salaries A sample of 100 graduates who completed a 6-month security guard training program reported...
Monthly Salaries A sample of 100 graduates who completed a 6-month security guard training program reported the following monthly starting salaries (in security guard related employment). Monthly Salary Number of Graduates $1,001-$1,400     1 $1,401-$1,800 11 $1,801-$2,200 14 $2,201-$2,600 38 $2,601-$3,000 36 Total 100 Compute the (approximate) mean monthly starting salary. [4 marks] Compute the (approximate) standard deviation of the monthly starting salaries. [6 marks] Hand-sketch a relative frequency histogram, using a percentage scale on the Y-axis. Do not be...