Business Weekly conducted a survey of graduates from 30 top MBA programs. Data were approximately normally distributed.

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Business Weekly conducted a survey of graduates from 30 top MBA programs. Data were approximately normally distributed.

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Business Weekly Conducted A Survey Of Graduates From 30 Top Mba Programs Data Were Approximately Normally Distributed 1
Business Weekly Conducted A Survey Of Graduates From 30 Top Mba Programs Data Were Approximately Normally Distributed 1 (30.1 KiB) Viewed 34 times
Business Weekly conducted a survey of graduates from 30 top MBA programs. Data were approximately normally distributed. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 156000 dollars. Assume the standard deviation is 45000 dollars. Suppose you take a simple random sample of 97 graduates. Find the probability that a single randomly selected salary is at most 158000 dollars. Answer = Find the probability that a sample of size n = 97 is randomly selected with a mean that is at most 158000 dollars. Answer Enter your answers as numbers accurate to 4 decimal places.
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