Question

The average salary for graduates entering the actuarial field is $40,000. If the salaries are normally distributed with a variance of $25,000, find the probability that a group of nine graduates will have a group average over $45000. a) complete z curve sketch b) calculate z formula c) determine probability

Answer #1

(a)

(b)

(c)

28. The average salary for graduates entering the actuarial
field is $40,000. If the salaries are normally distributed with a
variance of $25,000, find the probability that a group of nine
graduates will have a group average over $45,000.
SHOW ALL WORK
Part A: Complete Z curve sketch: 3 pts
Part B: Calculate Z formula: 3 pts
Part C: Determine probability: 3 pts

**PLEASE READ QUESTION CAREFULLY thank you!** The average salary
for graduates entering the actuarial field is $40,000. If the
salaries are normally distributed with a variance of $25,000, find
the probability that a group of nine graduates will have a group
average over $45000. a) complete z curve sketch b) calculate z
formula c) determine probability

The average salary for graduates entering the actuarial field is
$40,000. If the salaries are normally distributed with a standard
deviation of $25,000, find the probability that a) An individual
graduate will have a salary over $45,000. b) A group of nine
graduates will have a group average over $45000.

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