Find individual graduate will have a salary over given value

Reference no: EM13140099

The average salary for graduates entering the actuarial field is $40,000.

1. The average salary for graduates entering the actuarial field is $40,000. If the salaries are normally distributed with a standard deviation of $5,000, find the probability that

a) An individual graduate will have a salary over $45,000.
b) A group of nine graduates will have a group average over $45,000.

Reference no: EM13140099

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