Question

7. Suppose that the starting annual salary in April 2013 for new college graduates who found...

7. Suppose that the starting annual salary in April 2013 for new college graduates who found full time employment is normally distributed with a mean of $48,181 and a standard deviation of $3,708. Find the starting annual salary x0 such that 20% of new college graduates who found full time employment in April 2013 earned less than x0

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
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.
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...
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...
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 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...
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...
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           
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           
The average salary for American college graduates is $42,400. You suspect that the average is less...
The average salary for American college graduates is $42,400. You suspect that the average is less for graduates from your college. The 59 randomly selected graduates from your college had an average salary of $41,616 and a standard deviation of $8,550. What can be concluded at the αα = 0.10 level of significance? For this study, we should use Select an answer t-test for a population mean z-test for a population proportion The null and alternative hypotheses would be: H0:H0:  ?...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT