survey, assume the mean annual salary for graduates 10 years after graduation is $152,000. Assume the standard deviation is $32,000. Suppose you take a simple random sample of 16 graduates. Round all answers to four decimal places if necessary. What is the standard deviation of distribution of X? What is the standard deviation of X? • For a single randomly selected graduate, find the probability that her salary is between $154,400 and $160,300. For a simple random sample of 16 graduates, find the probability that the average salary is between

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Business Weekly conducted a survey of graduates from several top MBA programs. On the basis of the
survey, assume the mean annual salary for graduates 10 years after graduation is $152,000. Assume the
standard deviation is $32,000. Suppose you take a simple random sample of 16 graduates. Round all
answers to four decimal places if necessary.
What is the standard deviation of distribution of X?
What is the standard deviation of X?
For a single randomly selected graduate, find the probability that her salary is between $154,400 and
$160,300.
For a simple random sample of 16 graduates, find the probability that the average salary is between
$154,400 and $160,300.
For part d), is the assumption of normal necessary? O NoO Yes
Transcribed Image Text:Business Weekly conducted a survey of graduates from several top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $152,000. Assume the standard deviation is $32,000. Suppose you take a simple random sample of 16 graduates. Round all answers to four decimal places if necessary. What is the standard deviation of distribution of X? What is the standard deviation of X? For a single randomly selected graduate, find the probability that her salary is between $154,400 and $160,300. For a simple random sample of 16 graduates, find the probability that the average salary is between $154,400 and $160,300. For part d), is the assumption of normal necessary? O NoO Yes
Expert Solution
steps

Step by step

Solved in 6 steps with 6 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman