"> (Answered) The average salary for graduates entering the actuarial field is $40,000 (). If the salaries are normally distributed with a standard deviation of... - Tutorials Prime

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(Answered) The average salary for graduates entering the actuarial field is $40,000 (). If the salaries are normally distributed with a standard deviation of...


The average salary for graduates entering the actuarial field is $40,000 (). If the salaries are normally distributed with a standard deviation of...


1.    The average salary for graduates entering the actuarial field is $40,000 (). If the salaries are normally distributed with a standard deviation of $5000 (σ = 5000), find the probability that:a.    An individual graduate (n = 1) will have a salary over $44,500: P(X > 44,500).b.    A group of nine graduates (n = 9) will have an average over $44,500: P()

 


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