What percentage of the graduates will receive the tax break

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Reference no: EM132000765

The average starting salary for this year's graduates at a large university (LU) is $20,000 with a standard deviation of $8,000. Furthermore, it is known that the starting salaries are normally distributed.

a. What is the probability that a randomly selected LU graduate will have a starting salary of at least $30,900?

b. Individuals with starting salaries of less than $15,800 receive a low income tax break. What percentage of the graduates will receive the tax break?

Reference no: EM132000765

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