Answer = Find the probability that a sample of size n = 92 is randomly selected with a mean that is at most 123000 dollars. Answer =

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Question

need help

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 120000 dollars. Assume the
population standard deviation is 30000 dollars. Suppose you take a simple random sample of 92 graduates.
Find the probability that a single randomly selected salary is at most 123000 dollars.
Answer =
92 is randomly selected with a mean that is at most 123000
Find the probability that a sample of size n =
dollars.
Answer =
Enter your answers as numbers accurate to 4 decimal places.
Transcribed Image 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 120000 dollars. Assume the population standard deviation is 30000 dollars. Suppose you take a simple random sample of 92 graduates. Find the probability that a single randomly selected salary is at most 123000 dollars. Answer = 92 is randomly selected with a mean that is at most 123000 Find the probability that a sample of size n = dollars. Answer = Enter your answers as numbers accurate to 4 decimal places.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill