document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1189639>Question 1189639</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 3.	The recent average starting salary for new college graduates in computer information systems is $47,500. Assume salaries are normally distributed with a standard deviation of $4,500. <BR>\n" );
document.write( "a.	What is the probability of a new graduate receiving a salary between $45,000 and $50,000?<BR>\n" );
document.write( "b.	What is the probability of a new graduate getting a starting salary in excess of $55,000?<BR>\n" );
document.write( "c.	What percent of starting salaries is no more than $42,250?<BR>\n" );
document.write( "d.	What is the cutoff for the bottom 5% of the salaries?<BR>\n" );
document.write( "e.	What is the cutoff for the top 3% of the salaries?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #821063 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52787)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=821063\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "3.	The recent average starting salary for new college graduates in computer information systems is $47,500. <BR>\n" );
document.write( "Assume salaries are normally distributed with a standard deviation of $4,500. <BR>\n" );
document.write( "a.	What is the probability of a new graduate receiving a salary between $45,000 and $50,000?<BR>\n" );
document.write( "b.	What is the probability of a new graduate getting a starting salary in excess of $55,000?<BR>\n" );
document.write( "c.	What percent of starting salaries is no more than $42,250?<BR>\n" );
document.write( "d.	What is the cutoff for the bottom 5% of the salaries?<BR>\n" );
document.write( "e.	What is the cutoff for the top 3% of the salaries?<BR>\n" );
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document.write( "Questions &nbsp;(a), &nbsp;(b) &nbsp;and &nbsp;(c) &nbsp;are to determine the area under the corresponding normal distribution curve for given &nbsp;z-scores.\r<BR>\n" );
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document.write( "Go to online &nbsp;(free of charge) &nbsp;normal distribution probability calculator <BR>\n" );
document.write( "https://onlinestatbook.com/2/calculators/normal_dist.html\r<BR>\n" );
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document.write( "Input the given parameters of each question into the appropriate window of the calculator and get the answers\r<BR>\n" );
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document.write( "to your questions.\r<BR>\n" );
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document.write( "The calculator has perfect description and design, &nbsp;so &nbsp;EVERY &nbsp;person, &nbsp;even beginner, &nbsp;may work with it on his or her own,\r<BR>\n" );
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document.write( "even having minimum knowledge on the subject.\r<BR>\n" );
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document.write( "Questions &nbsp;(d) &nbsp;and &nbsp;(e) &nbsp;are to determine the &nbsp;z-scores for given area under the corresponding normal distribution curve.\r<BR>\n" );
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document.write( "For it, &nbsp;use the inverse normal calculator \r<BR>\n" );
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document.write( "https://onlinestatbook.com/2/calculators/inverse_normal_dist.html\r<BR>\n" );
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document.write( "and use it as instructed at this web-page.\r<BR>\n" );
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document.write( "Or, alternatively, you may use your &nbsp;GRAPHING &nbsp;CALCULATOR. <BR>\n" );
document.write( "See &nbsp;THIS &nbsp;Internet source / site\r<BR>\n" );
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document.write( "https://mathbits.com/MathBits/TISection/Statistics2/normaldistribution.htm\r<BR>\n" );
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document.write( "Find there &nbsp;EVERYTHING &nbsp;you need to know in clear and compact form\r<BR>\n" );
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document.write( "to solve this problem &nbsp;(and thousand other similar and different problems) &nbsp;ON &nbsp;YOUR &nbsp;OWN.\r<BR>\n" );
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document.write( "Happy calculations &nbsp;(&nbsp;!&nbsp;)\r<BR>\n" );
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document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );