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 133000 dollars.Assume the standard deviation is 44000 dollars.Enter each answer as a number between 0 and 1 accurate to 4 decimal places.Find the probability that salary of a randomly selcted single graduate is more than 130000 dollars.If this cannot be computed based on given information, then do not enter any number.P(X > 130000) =_______________Suppose you take a simple random sample of 56 graduates. Find the probability that mean of this sample is more than 130000 dollars.P(Sample Mean > 130000) = _______________

(1) The probability that salary of a randomly selected single graduate is more than 130000 dollars…

Answered: Business Weekly conducted a survey of…

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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Question

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 133000 dollars.
Assume the standard deviation is 44000 dollars.

Enter each answer as a number between 0 and 1 accurate to 4 decimal places.

Find the probability that salary of a randomly selcted single graduate is more than 130000 dollars.
If this cannot be computed based on given information, then do not enter any number.
P(X > 130000) =_______________
Suppose you take a simple random sample of 56 graduates. Find the probability that mean of this sample is more than 130000 dollars.
P(Sample Mean > 130000) = _______________