Business Weekly conducted a survey of graduates from 30 top MBA programs. Un the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 174000 dollars. Assume the standard 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 and 188390.6 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 and 188390.6 dollars. P(175541.8< M < 188390.6) = (Enter your answers as numbers accurate to 4 decimal places.), Submit Question

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...
icon
Related questions
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 174000 dollars. Assume the
standard 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 and
188390.6 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 and
188390.6 dollars.
P(175541.8< M < 188390.6) =
Submit Question
L
a
(Enter your answers as numbers accurate to 4 decimal places.)
9
hp
Transcribed Image Text: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 the standard 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 and 188390.6 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 and 188390.6 dollars. P(175541.8< M < 188390.6) = Submit Question L a (Enter your answers as numbers accurate to 4 decimal places.) 9 hp
Expert Solution
steps

Step by step

Solved in 3 steps with 4 images

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON