A college placement office sent a questionnaire to a sample of business school graduates requesting information on monthly starting salaries. The data consists on values 3450, 3490, 3550, 3730, 3650, 3540, 3480, 3925, 3355, 3520, 3310, 3480. a. Find mean monthly starting salary for the sample of 12 business college graduates. b. Find variance for starting salary for the sample of 12 business college graduates.

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A college placement office sent a questionnaire to a sample of business school graduates requesting information on monthly starting salaries. The data consists on values 3450, 3490, 3550, 3730, 3650, 3540, 3480, 3925, 3355, 3520, 3310, 3480. a. Find mean monthly starting salary for the sample of 12 business college graduates. b. Find variance for starting salary for the sample of 12 business college graduates.
Question 1:
(4)
A college placement office sent a questionnaire to a sample of business school graduates
requesting information on monthly starting salaries. The data consists on values
3450, 3490, 3550, 3730, 3650, 3540, 3480, 3925, 3355, 3520, 3310, 3480.
a. Find mean monthly starting salary for the sample of 12 business college graduates.
b. Find variance for starting salary for the sample of 12 business college graduates.
Question 2:
(6)
The probability that an American industry will locate in Shanghai, China, is 0.7, the probability
that it will locate in Beijing, China, is 0.4, and the probability that it will locate in either
Shanghai or Beijing or both is 0.8. What is the probability that the industry will locate
Transcribed Image Text:Question 1: (4) A college placement office sent a questionnaire to a sample of business school graduates requesting information on monthly starting salaries. The data consists on values 3450, 3490, 3550, 3730, 3650, 3540, 3480, 3925, 3355, 3520, 3310, 3480. a. Find mean monthly starting salary for the sample of 12 business college graduates. b. Find variance for starting salary for the sample of 12 business college graduates. Question 2: (6) The probability that an American industry will locate in Shanghai, China, is 0.7, the probability that it will locate in Beijing, China, is 0.4, and the probability that it will locate in either Shanghai or Beijing or both is 0.8. What is the probability that the industry will locate
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