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Suppose the mean income of Mercy College graduates is normally distributed with an average income of $85,000 with a standard deviation of $10,000.
What is the probability of selecting a Mercy graduate at random whos income is more than $90,000?
Using Excel open up a blank spreadsheet. Go to Formulas tab then click More Functions then Statistical then scroll down the drop down menu to NORM.DIS
A) What is the probability of randomly selecting a Mercy graduate with an income of less than $75,000?
B) What is the probability of randomly selecting a Mercy graduate who make between $80,000 and $70,000?
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