The NCAA estimates that the yearly value of a full athletic scholarship at in-state public universities is

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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?

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Essentials Of Statistics For Business And Economics

ISBN: 9781305081598

7th Edition

Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam

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Question Posted: Feb 16, 2015 01:49 AM

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The NCAA estimates that the yearly value of a full athletic scholarship at in-state public universities is

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a Find the z value that cuts off an area of 10 in the lower tail From the standard normal table z 1...View the full answer

Essentials Of Statistics For Business And Economics

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