Business, 07.01.2020 23:31 panda6775

The average starting salary of this year’s graduates of a large university (lu) is $20,000 with a standard deviation of $8,000. furthermore, it is known that the starting salaries are normally distributed.

a. what is the probability that a randomly selected lu graduate will have a starting salary of at least $30,400?

b. individuals with starting salaries of less than $15,600 receive a low income tax break. what percentage of the graduates will receive the tax break?

c. what are the minimum and the maximum starting salaries of the middle 95% of the lu graduates?

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The average starting salary of this year’s graduates of a large university (lu) is $20,000 with a st...

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