Question
Current engineering graduates earn a mean
starting salary of $62 000 in Canada, with a
standard deviation of $2500. Assuming that
the salaries are normally distributed, what
is the probability that a graduate will find
a job with a starting salary of more than
$65 000?
starting salary of $62 000 in Canada, with a
standard deviation of $2500. Assuming that
the salaries are normally distributed, what
is the probability that a graduate will find
a job with a starting salary of more than
$65 000?
Answers
R_scott
$65k is 1.2 s.d. above the mean
use a z-score table to find the % (probability) this represents
use a z-score table to find the % (probability) this represents
Reiny
best webpage for this:
http://davidmlane.com/normal.html
just enter your data as is
http://davidmlane.com/normal.html
just enter your data as is
Brandon
Thx