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 $6,500. 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.[There are no graphs or diagrams in the image.]

normal distribution μ=40756σ=6500proportion of employee who earn atleast $ 53000 is =?p(X≥53000)=p(x-μσ ≥53000-407566500)=p(Z≥1.8837)=1-p(Z<1.8837)=1-0.9702 [from excel function , code :=NORMSDIST(1.8837)]=0.0298

Answered: According to a recent survey, the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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