Essay
The average starting salary for this year's graduates of a large community college is $30,000 with a standard deviation of $8,000. Furthermore, it is known that the starting salaries are normally distributed.
a.What is the probability that a randomly selected graduate of this community college will have a starting salary of at least $30,400?
b.Individuals with starting salaries of less than $15,600 receive a low income tax break. What percentage of the graduates will receive the tax break?
c.What are the minimum and the maximum starting salaries of the middle 95% of the graduates?
d.If 303 of the recent graduates have salaries of at least $43,120, how many students graduated this year from this community college?
Correct Answer:

Verified
a.0.4801
b.3.59%
c.m...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
b.3.59%
c.m...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q5: Z is a standard normal random variable.What
Q29: The time it takes to completely tune
Q31: Exhibit 6-2<br>The travel time for a college
Q32: Exhibit 6-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2162/.jpg" alt=" Exhibit
Q33: Exhibit 6-4<br>The starting salaries of individuals with
Q35: Delicious Candy markets a two-pound box of
Q36: X is a normally distributed random
Q38: For a standard normal distribution, the
Q39: Exhibit 6-5<br>The weight of items produced by
Q55: The assembly time for a product is