Question: Week 5 Question 3 (10 marks) The average starting salary for this year's graduates at a large university (LU) is $20,000 wit a standard deviation
Week 5 Question 3 (10 marks) The average starting salary for this year's graduates at a large university (LU) is $20,000 wit a standard deviation of $8,000. Furthermore, it is known that the starting salaries are normall distributed a. What is the probability that a randomly selected LU graduate will have a starting salary of at least $30,400? (3 marks) HCLMES INSTITUTE Web. What is the probability that a randomly selected LU graduate will have a salary of exactly S30,400? c. Individuals with starting salaries of less than $15600 receive a low income tax break. (2 marks) What percentage of the graduates will receive the tax break? d. If 189 of the recent graduates have salaries of at least S32240, how many students (2 marks) graduated this year from this university? (3 marks Week 5 Question 3 (10 marks) The average starting salary for this year's graduates at a large university (LU) is $20,000 wit a standard deviation of $8,000. Furthermore, it is known that the starting salaries are normall distributed a. What is the probability that a randomly selected LU graduate will have a starting salary of at least $30,400? (3 marks) HCLMES INSTITUTE Web. What is the probability that a randomly selected LU graduate will have a salary of exactly S30,400? c. Individuals with starting salaries of less than $15600 receive a low income tax break. (2 marks) What percentage of the graduates will receive the tax break? d. If 189 of the recent graduates have salaries of at least S32240, how many students (2 marks) graduated this year from this university? (3 marks
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