The average salary for graduates entering the actuarial field is $40,000. If the salaries are normally distributed

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The average salary for graduates entering the actuarial field is $40,000. If the salaries are normally distributed with a standard deviation of $5000, find the probability that

a. An individual graduate will have a salary over $45,000.

b. A group of nine graduates will have a group average over $45,000.

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Elementary Statistics A Step By Step Approach

ISBN: 9780073386102

8th Edition

Authors: Allan Bluman

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Question Posted: Sep 02, 2015 03:54 AM

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The average salary for graduates entering the actuarial field is $40,000. If the salaries are normally distributed

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a z 45000 40000 5000 100 area 0...View the full answer

Elementary Statistics A Step By Step Approach

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