2) What is the probability that a new college graduate in education will earn a teacher starting salary less than $50,000? Hint: Use Excel function NORM.DIST. (2) What is the probability that a new college graduate in education will earn a teacher starting salary of at least $70,000? (2) What is the probability that a new college graduate in finance will earn a starting financial analyst salary of at least $70,000?

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According to the job search website Indeed, the average starting salary for teachers for new college graduates in education is $59,025. The average starting salary for financial analysts for new college graduates in finance is $63,544 (report on “How much Canadians earn according to their university major” at http://dailyhive.com/vancouver/canadians-university-major-salary-indeed-2017, August 10, 2017). Assume that starting salaries are normally distributed and that the standard deviation for starting salaries for teachers for new college graduates in education is $8,000. Assume that the standard deviation for starting salaries for financial analysts for new college graduates in finance is $9,000.

  1. (2) What is the probability that a new college graduate in education will earn a teacher starting salary less than $50,000?

    Hint: Use Excel function NORM.DIST.

  2. (2) What is the probability that a new college graduate in education will earn a teacher starting salary of at least $70,000?

  3. (2) What is the probability that a new college graduate in finance will earn a starting financial analyst salary of at least $70,000?

  4.  How much would a new college graduate in finance have to earn as a financial analyst in order to have a starting salary higher than 99% of all starting teacher salaries of new college graduates in education?

    please provide answer for 4th question

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