Posted: November 6th, 2015

Econ 275

The starting salaries of individuals with an MBA degree are normally distributed with a mean of 45,000 and a standard deviation of 5,000.  What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least 30,000

a. 0.9987

b. 0.0013

c. 0.9993

d. 0.0007

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