A sample of the salaries of assistant professors on the business faculty at a local university revealed
Question:
A sample of the salaries of assistant professors on the business faculty at a local university revealed a mean income of $100,000 with a standard deviation of $10,000. Assume that salaries follow a bell-shaped distribution. Use the empirical rule to answer the following questions.
a. Approximately what percentage of the salaries fall between $90,000 and $110,000?
b. Approximately what percentage of the salaries fall between $80,000 and $120,000?
c. Approximately what percentage of the salaries are greater than $120,000?
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a About 68 of the salaries are in ...View the full answer
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Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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