MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The Bureau of Labor Statistics provides compensation information on and services for various positions. As of May 2012, the average salary for a budget analyst in a midwestern state was $72,560. Suppose the standard deviation is $9,800. A study gathered salary information on a randomly-selected sample of 100 budget analysts. a. Find the probability that the mean of the sample is between $71,000 and $74,500.
b. Find the probability that the mean of the sample is greater than $75,000.
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