Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $188,000. Assume the...


Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey,<br>assume the mean annual salary for graduates 10 years after graduation is $188,000. Assume the standard<br>deviation is $45,000. Suppose you take a simple random sample of 8 graduates. Round all answers to four<br>decimal places if necessary.<br>a. What is the distribution of X? X - N(<br>b. What is the distribution of a? ¤ - N<br>c. For a single randomly selected graduate, find the probability that her salary is between $194,035 and<br>$214,090.<br>d. For a simple random sample of 8 graduates, find the probability that the average salary is between<br>$194,035 and $214,090.<br>e. For part d), is the assumption of normal necessary? O Yeso No<br>

Extracted text: Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $188,000. Assume the standard deviation is $45,000. Suppose you take a simple random sample of 8 graduates. Round all answers to four decimal places if necessary. a. What is the distribution of X? X - N( b. What is the distribution of a? ¤ - N c. For a single randomly selected graduate, find the probability that her salary is between $194,035 and $214,090. d. For a simple random sample of 8 graduates, find the probability that the average salary is between $194,035 and $214,090. e. For part d), is the assumption of normal necessary? O Yeso No

Jun 06, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here