Question

[R] The average starting salary of this year's MBA students is $42900 with a standard deviation...

[R] The average starting salary of this year's MBA students is $42900 with a standard deviation os $605. The starting salaries are normally distributed. The middle 60% of starting salaries for MBA graduates is between what amounts?

a) $42313.7 to $43486.3

b) $42318.42 to $43481.58

c) $42444.21 to $43355.79

d) $42426.25 to $43373.75

e) $42390.59 to $43409.41

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
2. The average starting salary for this year's graduates at a large university (LU) is $50,000...
2. The average starting salary for this year's graduates at a large university (LU) is $50,000 with a standard deviation of $10,000. Furthermore, it is known that the starting salaries are normally distributed. a. What is the probability that a randomly selected LU graduate will have a starting salary of at least $45,000? b. Individuals with starting salaries of less than $36,900 receive a low income tax break. What percentage of the graduates will receive the tax break? c. What...
The average starting salary for this year's graduates at a large university (LU) is $20,000 with...
The average starting salary for this year's graduates at a large university (LU) is $20,000 with a standard deviation of $8,000. Furthermore, it is known that the starting salaries are normally distributed. a. What is the probability that a randomly selected LU graduate will have a starting salary of at least $30,400? b. What is the probability that a randomly selected LU graduate will have a salary of exactly $30,400?    c. Individuals with starting salaries of less than $15600...
5. The average starting salary for this year's graduates at a large university (LU) is $20,000...
5. The average starting salary for this year's graduates at a large university (LU) is $20,000 with a standard deviation of $8,000 Furthermore, it is known that starting salaries are normally distributed. a. What is the probability that a randomly selected LU graduate will have a starting salary of at least $30,400? b.What is the probability that a randomly that a randomly selected LU graduate will have a salary of exactly $30,400? c.Individual with starting salaries of less than $15,600...
While the average starting salary for graduates with an MBA degree varies depending on the university...
While the average starting salary for graduates with an MBA degree varies depending on the university attended and field of emphasis, one source shows a 2015 median annual starting base salary of $100,000 (source: Claire Zillman, “Congrats, MBA grads! You’re getting a $45,000 raise,” http://fortune.com, May 19, 2015). Assuming that starting salaries are normally distributed and the standard deviation is $20,000, what is the probability that a random sample of 100 MBA graduates will have a mean starting salary of...
QUESTION 12 The starting salaries of individuals with an MBA degree are normally distributed with a...
QUESTION 12 The starting salaries of individuals with an MBA degree are normally distributed with a mean of $90,000 and a standard deviation of $20,000. Suppose we randomly select 9 of these individuals with an MBA degree. What is the expected value of the average starting salary for these individuals? a. $70,000 b. $80,000 c. $20,000 d. $90,000 QUESTION 13 The starting salaries of individuals with an MBA degree are normally distributed with a mean of $90,000 and a standard...
The starting salaries of individuals with an MBA degree are normally distributed with a mean of...
The starting salaries of individuals with an MBA degree are normally distributed with a mean of $65,000 and a standard deviation of $15,000. What is the probability that a randomly selected individual with an MBA degree will have a starting salary of at least $50,000? a. 0.8772 b. 0.7486 c. 0.8293 d. 0.8413 QUESTION 11 The starting salaries of individuals with an MBA degree are normally distributed with a mean of $65,000 and a standard deviation of $15,000. What is...
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,...
A researcher randomly sampled 50 graduates of an MBA program and recorded data concerning their starting...
A researcher randomly sampled 50 graduates of an MBA program and recorded data concerning their starting salaries. Of primary interest to the researcher was the effect of gender on starting salaries. Analysis of the mean salaries of the females and males in the sample is given below. Female MBA graduate: sample mean= $52,500, population standard deviation= 12000, sample size = 25. Male MBA graduates: Sample mean= $56,000, population standard deviation = 13000, sample size = 25 Assuming that the populations...
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...
Which data would be suitable for a pie chart? a.) Average starting salary of MBA graduates...
Which data would be suitable for a pie chart? a.) Average starting salary of MBA graduates from six ivy-league universities b.) APR interest rates charged by the top five U.S. credit cards c.) Last semester's average GPA for students in seven majors in a business school d.) The number of U.S. primary care clinics by type (urban, suburban, rural)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT