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 174000 dollars. Assume thestandard deviation is 43000 dollars. Suppose you take a simple random sample of 70 graduates.Find the probability that a single randomly selected policy has a mean value between 175541.8 and188390.6 dollars.P(175541.8 < X < 188390.6) =(Enter your answers as numbers accurate to 4 decimal places.)Find the probability that a random sample of size n = 70 has a mean value between 175541.8 and188390.6 dollars.P(175541.8< M < 188390.6) =Submit QuestionLa(Enter your answers as numbers accurate to 4 decimal places.)9hp

GivenMean(μ)=174000standard deviation(σ)=43000

Answered: Business Weekly conducted a survey of…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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