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...


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) 0.5000
B) 0.9641
C) 0.9861
D) 0.9772


What is the 86th percentile for the starting salaries of individuals with an MBA degree?


A) $43,400
B) $46,400
C) $44,400
D) $45,400



Jun 02, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here