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 $173,000. Assume the standard deviation is $32,000. Suppose you take a simple random sample of 15 graduates. Round all answers to four decimal places if necessary.What is the distribution of XX? XX ~ N(_____,______)What is the distribution of ¯xx¯? ¯xx¯ ~ N(____,_____)For a single randomly selected graduate, find the probability that her salary is between $176,006 and $185,837. ________For a simple random sample of 15 graduates, find the probability that the average salary is between $176,006 and $185,837. ___________

GivenMean(μ)=173000standard deviation(σ)=32000sample size(n)=14

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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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 $173,000. Assume the standard deviation is $32,000. Suppose you take a simple random sample of 15 graduates. Round all answers to four decimal places if necessary.

What is the distribution of XX? XX ~ N(_____,______)
What is the distribution of ¯xx¯? ¯xx¯ ~ N(____,_____)
For a single randomly selected graduate, find the probability that her salary is between $176,006 and $185,837. ________
For a simple random sample of 15 graduates, find the probability that the average salary is between $176,006 and $185,837. ___________

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