**Transcription for Educational Website**---**Survey Analysis: MBA Graduates' Salaries**Business Weekly conducted a survey of graduates from 30 top MBA programs. Based on the survey, assume the mean annual salary for graduates 10 years after graduation is $124,000. Assume the standard deviation is $43,000. Suppose you take a simple random sample of 54 graduates.**Task:**1. Find the probability that a single randomly selected salary is more than $116,000. $ P(X > 116000) = $ [Input Box]2. Find the probability that a sample of size $ n = 54 $ is randomly selected with a mean that is more than $116,000. $ P(M > 116000) = $ [Input Box]**Instructions:**Enter your answers as numbers accurate to 4 decimal places.**Additional Resources:**- [Video Explanation Link]---**Submit Button:**[Submit Question]---This educational content is designed to enhance understanding of statistical probability related to salary distributions among MBA graduates.

given data μ = 124000σ = 43000n = 54

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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