EBK ESSENTIALS OF STATISTICS FOR BUSINE
8th Edition
ISBN: 8220103648783
Author: Anderson
Publisher: CENGAGE L
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Chapter 6, Problem 47SE
According to the National Association of Colleges and Employers, the average starting salary for new college graduates in health sciences is $51,541. The average starting salary for new college graduates in business is $53,901 (National Association of Colleges and Employers website, January 5, 2015). Assume that starting salaries are
- a. What is the
probability that a new college graduate in business will earn a starting salary of at least $65,000? - b. What is the probability that a new college graduate in health sciences will earn a starting salary of at least $65,000?
- c. What is the probability that a new college graduate in health sciences will earn a starting salary less than $40,000?
- d. How much would a new college graduate in business have to earn in order to have a starting salary higher than 99% of all starting salaries of new college graduates in the health sciences?
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Chapter 6 Solutions
EBK ESSENTIALS OF STATISTICS FOR BUSINE
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