Business Weekly conducted a survey of graduates from several top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $130,000. Assume the standard deviation is $32,000. Suppose you take a simple random sample of 14 graduates. Round all answers to four decimal places if necessary. What is the standard deviation of distribution of X? What is the standard deviation of X? For a single randomly selected graduate, find the probability that her salary is between $131,971 and $137,347. For a simple random sample of 14 graduates, find the probability that the average salary is between $131,971 and $137,347. For part d), is the assumption of normal necessary? O NoO Yes

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Business Weekly conducted a survey of graduates from several top MBA programs. On the basis of the
survey, assume the mean annual salary for graduates 10 years after graduation is $130,000. Assume the
standard deviation is $32,000. Suppose you take a simple random sample of 14 graduates. Round all
answers to four decimal places if necessary.
What is the standard deviation of distribution of X?
What is the standard deviation of X?
For a single randomly selected graduate, find the probability that her salary is between $131,971 and
$137,347.
For a simple random sample of 14 graduates, find the probability that the average salary is between
$131,971 and $137,347.
For part d), is the assumption of normal necessary? O NoO Yes
Transcribed Image Text:Business Weekly conducted a survey of graduates from several top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $130,000. Assume the standard deviation is $32,000. Suppose you take a simple random sample of 14 graduates. Round all answers to four decimal places if necessary. What is the standard deviation of distribution of X? What is the standard deviation of X? For a single randomly selected graduate, find the probability that her salary is between $131,971 and $137,347. For a simple random sample of 14 graduates, find the probability that the average salary is between $131,971 and $137,347. For part d), is the assumption of normal necessary? O NoO Yes
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