# Question: The NCAA estimates that the yearly value of a full

The NCAA estimates that the yearly value of a full athletic scholarship at in-state public universities is $19,000 (The Wall Street Journal, March 12, 2012). Assume the scholarship value is normally distributed with a standard deviation of $2,100.

a. Consider the 10% of athletic scholarships of least value. How much are they worth?

b. What percentage of athletic scholarships are valued at $22,000 or more?

c. Consider the 3% of athletic scholarships that are most valuable. How much are they worth?

a. Consider the 10% of athletic scholarships of least value. How much are they worth?

b. What percentage of athletic scholarships are valued at $22,000 or more?

c. Consider the 3% of athletic scholarships that are most valuable. How much are they worth?

**View Solution:**## Answer to relevant Questions

Motorola used the normal distribution to determine the probability of defects and the number of defects expected in a production process. Assume a production process produces items with a mean weight of 10 ounces. Calculate ...According to Salary Wizard, the average base salary for a brand manager in Houston, Texas, is $88,592 and the average base salary for a brand manager in Los Angeles, California, is $97,417 (Salary Wizard website, February ...Given that z is a standard normal random variable, compute the following probabilities.a. P(0 ≤ z ≤ .83)b. P(–1.57 ≤ z ≤ 0)c. P(z > .44)d. P(z ≥ –.23)e. P(z < 1.20)f. P(z ≤ –.71)Assume a finite population has 350 elements. Using the last three digits of each of the following five-digit random numbers (e.g., 601, 022, 448, . . .), determine the first four elements that will be selected for the simple ...A sample of size 100 is selected from a population with p = .40.a. What is the expected value of ṕ?b. What is the standard error of ṕ?c. Show the sampling distribution of ṕ.d. What does the sampling distribution of ṕ ...Post your question