What percent of the graduates have starting salaries

Assignment Help Business Economics
Reference no: EM131164521

A survey reported that the mean starting salary for college graduates in the spring of 2011 was $33 176. Assume that the distribution of starting salaries follows the normal distribution with a standard deviation of $3 500. What percent of the graduates have starting salaries:

a. Between $30 000 and $38 000? (Round final answer to 4 decimal places.)

Probability

b. More than $42 000? (Round final answer to 4 decimal places.)

Probability

c. Between $38 000 and $42 000? (Round final answer to 4 decimal places.)

Probability

Reference no: EM131164521

Questions Cloud

What was the amount of interest and principal paid : You just graduated from Engineering and have found a good job. However, fifteen (15) months ago you found yourself in a financial difficulty and had to borrow $3,000 from a high lending company (a “loan shark”) who charged 18%, compounded monthly for..
What is the efficient number of lighthouses : Suppose that there are only two fishermen, Zach and Jacob, who fish along a certain coast. They would each benefit if a lighthouse were built along the coast where they fish. The marginal cost of building each additional lighthouse is $150. The margi..
In free floating exchange rate system : In a free floating exchange rate system, if the current account is running a deficit, what are the consequences for the nation’s balance of capital accounts and its overall balance of payment?
Good pricing starts with an understanding of how customers : “Good pricing starts with an understanding of how customers’ perceptions of value affect the prices they are willing to pay.” (Kotler and Armstrong, 2013, p. 302) In the case of Virgin Galactic, the price is clearly set to cater to the millionaires a..
What percent of the graduates have starting salaries : A survey reported that the mean starting salary for college graduates in the spring of 2011 was $33 176. Assume that the distribution of starting salaries follows the normal distribution with a standard deviation of $3 500. What percent of the gradua..
More-efficient firms will be attracted into the industry : Consider a perfectly competitive firm whose minimum average total cost is $100. This firm is representative of all the firms in the market. If the market price is $80, then in the long run. market supply will fall. new, more-efficient firms will be a..
Social welfare function for small community of five people : Consider the following social welfare function for a small community of five people. SW = Ua(Na, Ca, C~a, Pa) + Ub(Nb, Cb, C~b, Pb) + Uc(Nc, Cc, C~c, Pc) + Ud(Nd, Cd, C~d, Pd) + Ue(Ne, Ce, C~e, Pe) where: N = noncompetitive goods C = competitive good..
Term of type of budget and type of economy : Suppose that the economy of an island H is described by the following equations: GDP (Y) = 8000, government expenditures (G) = 600, Taxes (T) = 1000, Consumption (C) = 400 + 3/4 (Y-T), and investment (I) = 800 – 200r. What can you conclude about the ..
Demand faced by firm and demand faced by an industry : Which of the following describes the difference between the demand faced by a firm and the demand faced by an industry?

Reviews

Write a Review

Business Economics Questions & Answers

  Shortage of college football tickets for some home games

There is a shortage of college football tickets for some home games and a surplus of tickets for other home games that are played by a given college team. With the aid of diagrams, carefully explain how and why this does happen and also explain how a..

  Social security payments to retired persons

Social Security payments to retired persons is an example of: Answer A. a transfer payment. B. government spending shortages, and they always lead to deficits. C. income measured by using the value-added approach. D. a government purchase.

  What government policies are available to reduce demand

What government policies are available to reduce domestic demand in the medium run. Identify which components of domestic demand each of these policies affect.

  Qon january 2d 2012 canon expects to ship 750000 all-in-one

q.on january 2d 2012 canon expects to ship 750000 all-in-one fax printers and copy machines from its plant in japan to

  Child care costs on labor force participation rate of women

The presence of pre-school children often complicates women’s labor supply decisions by forcing them to consider the costs of child care. In this problem, you are asked to consider the labor supply decision of a single mother with one child of pre-sc..

  Discussed in class several of the dependent variables

We discussed in class several of the dependent variables that need to be considered when managing people (performance, job satisfaction, turnover, absenteeism, organizational citizenship behavior, deviant workplace behavior). Select two of these and ..

  Determine the appropriate number of shipping dock doors

Determine the appropriate number of shipping dock doors for a truck dock given the following information. Trucks deliver 580,000 cubic feet of product each day from this facility and the average truck holds 3,300 cubic feet. What is the appropriate n..

  Firm is able to charge different price to different customer

It is relatively clear why price discrimination may be good for firms. But what about consumers? Do you think consumers benefit or are hurt when the firm is able to charge a different price to different customers?

  Illustrate what is the probability that the defense defends

Illustrate what is the probability that the defense defends the right hand side. Explain in words what the expected outcome will be.

  Easement assignment

Below are three parcels of real property A, B and C. B wants to have a built-in swimming pool installed in his backyard. In order to run the water line directly from the main in the street to the site, the line must run over his neighbor’s property. ..

  What is the firms average annual compound growth rate

Warren Buffett’s company went public in 1965. The public offering price walls $18 per share. The stock was traded at $92,400 on April 10, 2009, and the market value of the firm was $97.8 billion. What is the firm’s average annual compound growth rate..

  Industry environment is significantly different

Do you think the industry environment is significantly different today explain.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd