Question 4 Business Weekly conducted a survey of recent graduates from the top MBA programs. On the basis of the survey, assume that 50% of the recent graduates annual salary exceeds $75000. Suppose you take a simple random sample of 62 recent graduates. Note: round all z scores to 2 decimal places and all other numbers to 4 decimal places. Find the probability that less than 60% of the 62 recent graduates have an annual salary exceeding $75000. Beyond representative sampling, what assumptions are needed to satisfy the requirements for this problem? OX - binomial and both np and nq at least 5 ~ normal andn> 30 OX ~ normal or n > 30 OX - binomial and at least 5 successes and failures Submit Question

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