Assume mba graduates have incomes normally distributed with

Reference no: EM13641585

Assume MBA graduates have incomes normally distributed with a mean of $100,000 and a standard deviation of $20,000. Law school graduates also have normally distributed incomes, with a mean of $90,000 and a standard deviation of $25,000. An MBA graduate and a law graduate are selected at random. 1- Which is more likely to have an income under $50,000? 2-Which is more likely to have an income over $150,000?

Reference no: EM13641585

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