Answered: Full-time Ph.D. students receive an…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Full-time Ph.D. students receive an average of $12,837 per year. If the average salaries are normally distributed with a standard deviation of $1500, find the probabilities. Use a TI-83 Plus/TI-84 Plus calculator and round the answer to at least four decimal places.

The student makes more than $17,000 =

The student makes less than $17,000 =

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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