The mean salary offered to students who are graduating from Coastal State University this year is $24,260, with a standard deviation of$3712. A random sample of 75 Coastal State students graduating this year has been selected. What is the probability that the mean salaryoffer for these 75 students is $23,500 or more?Carry your intermediate computations to at least four decimal places. Round your answer to at least three decimal places.

As the sample size is higher than 30, we can assume the distribution as a normal distribution.…

Answered: random sample of 75 Coastal State…

random sample of 75 Coastal State students graduating th hese 75 students is $23,500 or more? r intermediate computations to at least four decimal places

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

The mean salary offered to students who are graduating from Coastal State University this year is $24,260, with a standard deviation of
$3712. A random sample of 75 Coastal State students graduating this year has been selected. What is the probability that the mean salary
offer for these 75 students is $23,500 or more?
Carry your intermediate computations to at least four decimal places. Round your answer to at least three decimal places.

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