According to a recent survey, the salaries of entry-level positions at a large company have a mean of $40,756 and a standard deviation of $7500. Assumingthat the salaries of these entry-level positions are normally distributed, find the proportion of employees in entry-level positions at the company who earn morethan $48,000. Round your answer to at least four decimal places.

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Answered: According to a recent survey, the…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Over the first five years of owning her car, Gina drove about 12,700 miles the first year, 15,478 miles the second year, 12,675 the third year, 11,850 the fourth year, and 13,075 the fifth year. a. Find the mean, median, and mode of this data. b. Explain which measure of central tendency will best predict how many miles Gina will drive in the sixth year. a. mean= 12,700; median= 13,156; no mode; the mean is the best choice because it is representative of the entire data set. b. mean= 13,156; median= 12,700; mode= 3,628; the median is the best choice because it is not skewed by the high outlier. c. mean= 13,156; median= 12,700; no mode; the mean is the best choice because it is representative of the entire data set. d. mean= 13,156; median= 12,700; no mode; the median is the best choice because it is not skewed by the high outlier.
The distribution of the amount of money spent by students for textbooks in a semester is approximately normal in shape with a mean of $235 and a standard deviation of $20. According to the standard deviation rule, almost 2.5% of the students spent more than what amount of money on textbooks in a semester? A. O $195 B. $215 C. $235 D. $275 E. $295
It has been reported that 84% of federal government employees use e- mail. If a sample of 235 federal government employees is selected, find the mean, variance, and standard deviation of the number who use e-mail. Round your answers to three decimal places. a. Find mean
Last year, the revenue for financial services companies had a mean of 7070 million dollars with a standard deviation of 1818 million. Find the percentage of companies with revenue between 5050 million and 9090 million dollars. Assume that the distribution is normal. Round your answer to the nearest hundredth.
According to a recent survey, the salaries of entry-level positions at a large company have a mean of $41,750 and a standard deviation of $7500. Assuming that the salaries of these entry-level positions are normally distributed, find the proportion of employees in entry-level positions at the company who earn at least $53,000. Round your answer to at least four decimal places.
College Professors have incomes with a standard deviation that is less than $21,000. A recent study of 225 College Professors income showed a standard deviation of $24,750. State whether it is Right Tail (one), Left Tail (one), In between, or Two tailed?
Find the indicated IQ score. The graph to the right depicts IQ scores of adults, and those scores are normally distributed with a mean of 100 and a standard deviation of 15.
The average monthly sales of 2500 firms are normally distributed with mean $30000 and standard deviation of $15000. Find the number of firms with sales below $35000.
A successful basketball player has a height of 6 feet 11 inches, or 211 cm. Based on statistics from a data set, his height converts to the z score of 5.17. How many standard deviations is his height above the mean?
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Find Test Statistic, P value, and Z score.
According to a recent survey, the salaries of assistant professors have a mean of $41,700and a standard deviation of $5350. Assuming that the salaries of assistant professors follow a normal distribution, find the proportion of assistant professors who earn more than $43,000. Round your answer to at least four decimal places.

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