The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000.
What is the probability that a randomly selected individual with an MBA degree will get a starting salary ofat least $30,000 (at least 30000 means 30000 or higher)?
A) 0.5000B) 0.9641C) 0.9861D) 0.9772
What is the 86th percentile for the starting salaries of individuals with an MBA degree?
A) $43,400B) $46,400C) $44,400D) $45,400
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