Suppose that Bloomsburg University graduate starting salaries are normally distributed with a mean of $40,712 and a standard deviation of $12,570. What is the probability that a randomly selected graduate's starting salary is below $48,000? 0.848 0.000 0.719 0.281

Suppose that Bloomsburg University graduate starting salaries are normally distributed with a mean of $40,712 and a standard deviation of $12,570. What is the probability that a randomly selected graduate's starting salary is below $48,000? 0.848 0.000 0.719 0.281

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose that Bloomsburg University graduate starting salaries are normally
distributed with a mean of $40,712 and a standard deviation of $12,570. What is the
probability that a randomly selected graduate's starting salary is below $48,000?
0.848
0.000
0.719
0.281

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