Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $183,000. Assume the standard leviation is $36,000. Suppose you take a simple random sample of 15 graduates. Round all answers to four Hecimal places if necessary. a. What is the distribution of X? X - N( b. What is the distribution of I? I ~ N( c. For a single randomly selected graduate, find the probability that her salary is between $176,057 and $182,005.
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $183,000. Assume the standard leviation is $36,000. Suppose you take a simple random sample of 15 graduates. Round all answers to four Hecimal places if necessary. a. What is the distribution of X? X - N( b. What is the distribution of I? I ~ N( c. For a single randomly selected graduate, find the probability that her salary is between $176,057 and $182,005.
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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Transcribed Image Text:**Business Weekly conducted a survey of graduates from 30 top MBA programs.** On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $183,000. Assume the standard deviation is $36,000. Suppose you take a simple random sample of 15 graduates. **Round all answers to four decimal places if necessary.**
a. What is the distribution of \(X? \quad X \sim N(\underline{\hspace{2cm}}, \underline{\hspace{2cm}})\)
b. What is the distribution of \(\bar{x}? \quad \bar{x} \sim N(\underline{\hspace{2cm}}, \underline{\hspace{2cm}})\)
c. For a single randomly selected graduate, find the probability that her salary is between $176,057 and $182,005. \(\underline{\hspace{2cm}}\)
d. For a simple random sample of 15 graduates, find the probability that the average salary is between $176,057 and $182,005. \(\underline{\hspace{2cm}}\)
e. For part d), is the assumption of normal necessary? \( \bigcirc\) Yes \( \bigcirc\) No
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