User Account

All Pages

Average starting salary of year graduates

Assignment Help Basic Statistics
Reference no: EM131929597

Part A

The average starting salary of this year's graduates of a large university (LU) is $25,000 with a standard deviation of $5,000. Furthermore, it is known that the starting salaries are normally distributed.

  1. What is the probability that a randomly selected LU graduate will have a starting salary of at least $31,000?
  2. Fill in the blank: 20% of this year's graduates will have a starting salary that is higher than $_____? 

Part B

10 items were randomly selected from a large inventory and 25% of these items are made in Canada.

  1. What is the probability that exactly 4 of the 10 items selected are made in Canada?
  2. What is the probability that at most 4 of the 10 items selected are made in Canada?

Reference no: EM131929597

Questions Cloud

What legal and ethical constraints may have been considered : What legal and ethical constraints may have been considered when creating document? Identify the title and author of best practices document in your summary.
Which route should the driver take : Which route should the driver take? Remember that we want to find the fastest route. If the ambulance had a traffic scanner to accurately inform the driver.
Estimate for the difference between the proportions : Develop a 95% confidence interval estimate for the difference between the proportions of students who considered themselves overweight in the two samples.
Determine whether or not you believe displaying warning : Determine whether or not you believe displaying warning banners on your company- issued personal computers are a necessary security control.
Average starting salary of year graduates : The average starting salary of this year's graduates of a large university (LU) is $25,000 with a standard deviation of $5,000.
Explain what are business costs or risk of poof data quality : Explain What are the business costs or risks of poof data quality? What is data mining? What is text mining? with three reference and apa format.
Construct a decision tree to help analyze the problem : Construct a decision tree to help analyze this problem. What should the medical professionals do? The physicians have been approached by a market research firm.
Summarize the legal process for case involving digital crime : Summarize the legal process for cases involving digital crimes and the affect you perceive that computer investigations can have on the process.
What will be the number of shares outstanding : The company has decided to repurchase $183,556 worth of shares. After the repurchase, what will be the number of shares outstanding?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd