The mean salary offered to students who are graduating from Coastal State University this year is $24,230, with a standard deviation of $3643. A random sample of 75 Coastal State students graduating this year has been selected. What is the probability that the mean salary offer for these 75 students is $24,750 or more? Carry your intermediate computations to at least four decimal places. Round your answer to at least three decimal places.
The mean salary offered to students who are graduating from Coastal State University this year is $24,230, with a standard deviation of $3643. A random sample of 75 Coastal State students graduating this year has been selected. What is the probability that the mean salary offer for these 75 students is $24,750 or more? Carry your intermediate computations to at least four decimal places. Round your answer to at least three decimal places.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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