SOLUTION: 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 $4,50

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Question 60015: 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.
a)What is the probability of a new graduate receiving a salary between $45,000 and $50,000?


b)What is the probability of a new graduate getting a starting salary in excess of $55,000?


c)What percent of starting salaries is no more than $42,250?






d)What is the cutoff for the bottom 5% of the salaries?



e)What is the cutoff for the top 3% of the salaries?

Answer by stanbon(75887) About Me  (Show Source):
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