ims that the average monthly income of his school’s Bachelor of Science in Business Administration graduates two years after graduation is ₱ 24,700. If the dean’s claim is correct, and if the distribution of monthly income has a standard deviation o

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
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The dean of the business school claims that the average monthly income of his
school’s Bachelor of Science in Business Administration graduates two years
after graduation is ₱ 24,700. If the dean’s claim is correct, and if the distribution
of monthly income has a standard deviation of ₱ 4,100, what is the probability
that 49 randomly selected graduates have an average income of greater than ₱
23,300?

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