Exhibit 6-4 The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000. 2. Refer to Exhibit 6-4. What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $30,000? O.4772 .0228 .9772 .5000

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**Exhibit 6-4: Analysis of Starting Salaries for MBA Graduates**

The starting salaries of individuals with an MBA degree follow a normal distribution, characterized by a mean (average) salary of $40,000 and a standard deviation of $5,000.

**Probability Question:**

2. Refer to Exhibit 6-4. Determine the probability that a randomly selected individual with an MBA degree will receive a starting salary of at least $30,000.

- Options:
  - \(0.4772\)
  - \(0.0228\)
  - \( \boxed{0.9772} \)
  - \(0.5000\)

The correct answer is highlighted and indicates that there is a high probability (\(0.9772\) or 97.72%) that an MBA graduate's starting salary will be at least $30,000.
Transcribed Image Text:**Exhibit 6-4: Analysis of Starting Salaries for MBA Graduates** The starting salaries of individuals with an MBA degree follow a normal distribution, characterized by a mean (average) salary of $40,000 and a standard deviation of $5,000. **Probability Question:** 2. Refer to Exhibit 6-4. Determine the probability that a randomly selected individual with an MBA degree will receive a starting salary of at least $30,000. - Options: - \(0.4772\) - \(0.0228\) - \( \boxed{0.9772} \) - \(0.5000\) The correct answer is highlighted and indicates that there is a high probability (\(0.9772\) or 97.72%) that an MBA graduate's starting salary will be at least $30,000.
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