According to the National Association of Colleges and Employers, the average startingsalary 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 Collegesand Employers website, January 5, 2015). Assume that starting salaries are normally distributed and that the standard deviation for starting salaries for new college graduates inhealth sciences is $11,000. Assume that the standard deviation for starting salaries for newcollege graduates in business is $15,000.a. what is the probability that a new college graduate in business will earn a startingsalary 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?
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
health sciences is $11,000. Assume that the standard deviation for starting salaries for new
college graduates in business is $15,000.
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?
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