Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The dean has observed for several years and found that the probability distribution of the salary of the alumni's first job after graduation is normal, with a mean of $50k per year and a standard deviation of $5k. Please show all work, as I want to learn this skill.

(a)  What's the probability that the alumni get a salary of $45k or more in their first jobs?

(b) What's the chance that the alumni get a salary between $35k and $55k?

(c)  What is the salary range that 95% of the alumni should be belonged to?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92506579
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Find the modified internal rate of return mirr for the

Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 8.24 percent. The initial outlay ...

A 20-year canada bond with an 8 semi-annual coupon is

A 20-year Canada bond with an 8% semi-annual coupon is currently selling at par ($1,000) and the probability distribution of its yield to maturity (YTM) a year from now is as follows: State of Economy Probability YTM (%) ...

In a specific sample size of 100 what is the range within

In a specific sample size of 100, what is the range within the groups average iron level would be considered ususal? Using the Central Limit Theorem and the Empirical Rule

A box contains n white and m black balls one ball is added

A box contains n white and m black balls. One ball is added randomly, white with probability p and black with probability 1 - p. Then a random ball is taken out from the box. (a) Find the probability that the taken ball ...

Red tide is a bloom of poison-producing algae-a few

"Red tide" is a bloom of poison-producing algae-a few different species of a class of plankton called dinoflagellates. When the weather and water conditions cause these blooms, shellfish such as clams living in the area ...

The probability of someone ordering the daily special is 52

The probability of someone ordering the daily special is 52%. If the restaurant expected 96 people for lunch, how many would you expect to order the daily special?

You want to retire in 35 years to fund the retirement you

You want to retire in 35 years. To fund the retirement, you deposit $25,000 into an account now, and you deposit $20,000 five years from now. You also plan to save an equal amount each year between now and 35 years from ...

A company employs eight people and plans to select a group

A company employs eight people and plans to select a group of five of these employees to receive advanced training. How many ways can the group of five employees be selected?

The mean height of women in a country ages 20-29

The mean height of women in a country? (ages 20-?29) is 63.5 inches. A random sample of 65 women in this age group is selected. What is the probability that the mean height for the sample is greater than 64 ?inches? Assu ...

A tire company measures the tread on newly-produced tires

A tire company measures the tread on newly-produced tires and finds that they are normally distributed with a mean depth of 0.99mm and a standard deviation of 0.35mm. Find the probability that a randomly selected tire wi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As