Exercise 06.41 (Normal Probability Distribution) Hint(s) Question 15 of 16 ► Check My Work According to the National Association of Colleges and Employers, the 2015 average starting salary for new college graduates in health sciences was $51,541. The average starting salary for new college graduates in business was $53,901 (National Association of Colleges and Employers website). Assume that starting salaries are normally distributed and that the standard deviation for starting salaries for new college graduates in health sciences is $11,000. Assume that the standard deviation for starting salaries for new college graduates in business is $15,000. a. What is the probability that a new college graduate in business will earn a starting salary of at least $65,000 (to 4 decimals)? b. What is the probability that a new college graduate in health sciences will earn a starting salary of at least $65,000 (to 4 decimals)? c. What is the probability that a new college graduate in health sciences will earn a starting salary less than $40,000 (to 4 decimals)? d. How much would a new college graduate in business have to earn in order to have a starting salary higher than 99% of all starting salaries of new college graduates in the health sciences (to the nearest whole number)? $

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