Business Weekly conducted a survey of graduatesfrom 30 top MBA programs. On the basis of thesurvey, assume the mean annual salary forgraduates 10 years after graduation is $167,000.Assume the standard deviation is $34,000.Suppose you take a simple random sample of 13graduates. Round all answers to four decimalplaces if necessary.a. What is the distribution of X? X ~ N(b. What is the distribution of x? ~ N(c. For a single randomly selected graduate,find the probability that her salary isbetween $162,555 and $175,070.d. For a simple random sample of 13graduates, find the probability that theaverage salary is between $162,555 and$175,070.e. For part d), is the assumption of normalnecessary? OYesONo

Determine the distribution of the random variable X follows. The distribution of the random variable…

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

See similar textbooks

Similar questions

Complete the table and answer the question. a. What is mean of the probability distribution? b. What is variance of the probability distribution? c. What is standard deviation of the probability distribution?
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 $132,000. Assume the standard deviation is $31,000. Suppose you take a simple random sample of 37 graduates. Round all answers to four decimal places if necessary. a. What is the distribution of X? X - N( b. What is the distribution of ? I - N c. For a single randomly selected graduate, find the probability that her salary is between $129,255 and $133,703. d. For a simple random sample of 37 graduates, find the probability that the average salary is between $129,255 and $133,703. e. For part d), is the assumption of normal necessary? O YesO No
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 $178,000. Assume the standard deviation is $39,000. Suppose you take a simple random sample of 36 graduates. Round all answers to four decimal 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 $173,350 and $181,100. d. For a simple random sample of 36 graduates, find the probability that the average salary is between $173,350 and $181,100. e. For part d), is the assumption of normal necessary? O NoO Yes o
M2
A population has a mean μ = 82 and a standard deviation o = 16. Find the mean and standard deviation of a sampling distribution of sample means with sample size n = 64. H = (Simplify your answer.) ...
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 $181,000. Assume the standard deviation is $32,000. Suppose you take a simple random sample of 39 graduates. Round all answers to four decimal places if necessary. a. What is the distribution of X? X - N b. What is the distribution of a? - NO c. For a single randomly selected graduate, find the probability that her salary is between $180,714 and $188,276. d. For a simple random sample of 39 graduates, find the probability that the average salary is between $180,714 and $188,276. e. For part d), is the assumption of normal necessary? O No Yes Question Help: Message instructor Submit Question
The following table shows the number of people that are either 18, 19, 20 or 21 years old, from a sample of 258 people. a) Complete the table. Age Number of people 18 54 19 69 20 70 21 (b Find the mean for this sample. Give your answer to at least 2 decimal places. (c Find the standard deviation for this sample. Give your answer to at least 2 decimal places.
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 $132,000. Assume the standard deviation is $31,000. Suppose you take a simple random sample of 37 graduates. Round all answers to four decimal places if necessary. a. What is the distribution of X? X - N( 132000 31000 b. What is the distribution of ? T - N( 132000 c. For a single randomly selected graduate, find the probability that her salary is between $129,255 and $133,703. 0.0558 d. For a simple random sample of 37 graduates, find the probability that the average salary is between 5096.3686 $129,255 and $133,703. e. For part d), is the assumption of normal necessary? YesO No o
(a) Approximate the mean and standard deviation. Round each to two decimals. (b) Complete the last two columns in the table above for relative frequency and cumulative frequency. Round any decimals to 3 places. Do not include the zero before the decimal. For example for 0.56, enter .56 (c) What is the shape of the distribution?
Is the difference between the mean annual salaries of registered nurses in State A and State B equal to $10,500? To decide, you select a random sample of registered nurses from each state. The results of each survey are shown. Assume the population standard deviations are o, = $8337 and o, = $7633. At a = 0.01, what can you conclude? Registered Nurses in State A Registered Nurses in State B 75,695 70,695 %3D %3D X1 X2 n1 30 n2 25 What are the null and alternative hypotheses for this test? A. Ho: H1 - H22 10,500 Ha: H1 - H2 10,500 Ha: H1 - H2s 10,500 O F. Ho: H1 - H2 S 10,500 Hai H1 - H2 > 10,500 Determine the critical value(s). (Round to three decimal places as needed. Use a comma to separate answers as needed.)
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 $178,000. Assume the standard deviation is $39,000. Suppose you take a simple random sample of 36 graduates. Round all answers to four decimal places if necessary. a. What is the distribution of X? X - N( 178000 39000 b. What is the distribution of ? T - N( 178000 c. For a single randomly selected graduate, find the probability that her salary is between $173,350 and $181,100. 0.0791 6500 d. For a simple random sample of 36 graduates, find the probability that the average salary is between $173,350 and $181,100. e. For part d), is the assumption of normal necessary? NoO Yes o
A study investigating the relationship between age and annual medical expenses randomly samples 100 individuals in a city. It is hoped that the sample will have a similar mean age as the entire population. If the standard deviation of the ages of all individuals in the city is σ = 20, find the probability that the mean age of the individuals sampled is within 1.5 years of the mean age for all individuals in the city. Do not round your answer. Hints: Find the sampling distribution of the sample mean age and use the central limit theorem. You don’t have to know the population mean to answer this, but if it makes it easier, use a value such as μ=35.

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS