The average starting salary for new college graduates in business administration is $47,500. Assume that salaries are normally distributed, with a standard deviation of $4,500. a. What is the probability of a new graduate receiving a salary between $45,000 and $50 000? b. What is the probability of a new graduate getting a starting salary in excess of $55,000? c. What is the probability that starting salary is at most $42,250? d. What is the probability of a new graduate getting a starting salary exactly equal to $47,000?

The average starting salary for new college graduates in business administration is $47,500. Assume that salaries are normally distributed, with a standard deviation of $4,500. a. What is the probability of a new graduate receiving a salary between $45,000 and $50 000? b. What is the probability of a new graduate getting a starting salary in excess of $55,000? c. What is the probability that starting salary is at most $42,250? d. What is the probability of a new graduate getting a starting salary exactly equal to $47,000?

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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Concept explainers

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

B. The average starting salary for new college graduates in business administration is
$47,500. Assume that salaries are normally distributed, with a standard deviation of
$4,500.
a. What is the probability of a new graduate receiving a salary between $45,000
and $50 000?
b. What is the probability of a new graduate getting a starting salary in excess of
$55,000?
c. What is the probability that starting salary is at most $42,250?
d. What is the probability of a new graduate getting a starting salary exactly equal
to $47,000?

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