Business Weekly conducted a survey of recent graduates from the top MBA programs. On the basis of the survey, assume that 60% of the recent graduates annual salary exceeds $40000. Suppose you take a simple random sample of 51 recent graduates. Note: round all z scores to decimal places and all other numbers to 4 decimal places. Find the probability that less than 70% of the 51 recent graduates have an annual salary exceeding $40000

Answers

Answer 1

Using the normal distribution and the central limit theorem, it is found that there is a 0.9279 = 92.79% probability that less than 70% of the 51 recent graduates have an annual salary exceeding $40000.

Normal Probability Distribution

In a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

It measures how many standard deviations the measure is from the mean. After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.By the Central Limit Theorem, for a proportion p in a sample of size n, the sampling distribution of sample proportion is approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1 - p)}{n}}[/tex], as long as [tex]np \geq 10[/tex] and [tex]n(1 - p) \geq 10[/tex].

In this problem, we have that:

60% of the recent graduates annual salary exceeds $40000, hence p = 0.6.A sample of 51 is taken, hence n = 51.

The mean and the standard error are given by:

[tex]\mu = p = 0.6[/tex]

[tex]s = \sqrt{\frac{p(1 - p)}{n}} = \sqrt{\frac{0.6(0.4)}{51}} = 0.0686[/tex]

The probability that less than 70% of the 51 recent graduates have an annual salary exceeding $40000 is the p-value of Z when X = 0.7, hence:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{0.7 - 0.6}{0.0686}[/tex]

[tex]Z = 1.46[/tex]

[tex]Z = 1.46[/tex] has a p-value of 0.9279.

0.9279 = 92.79% probability that less than 70% of the 51 recent graduates have an annual salary exceeding $40000.

To learn more about the normal distribution and the central limit theorem, you can check https://brainly.com/question/24663213


Related Questions

hello, please answer the question, please show work

Answers

3/8 is bigger than 1/5

Logarithms
Please do not answer with a link, not only can I not access it (nor would I be comfortable doing so) but the answer will be immediately deleted.

Answers

Answer:

[tex]\huge\boxed{\sf -2.280}[/tex]

Step-by-step explanation:

Finding value of log₃(4/49):

[tex]\displaystyle = log_{3}\frac{4}{49} \\\\= log_{3} (\frac{4}{7^2} )\\\\\underline{Using \ log \ rule \ :} \ log( \frac{a}{b} )= log \ a - log \ b \\\\= log_{3}4 - log_{3}7^2\\\\\underline{Using \ log \ rule \ : } \ log \ a ^m = m \ log \ a \\\\= log_{3}4 - 2(log_{3}7)\\\\[/tex]

Given that:

log₃4 ≈ 1.262, log₃7 ≈ 1.771

Put the values in the above expression

[tex]= 1.262-2(1.771)\\\\= 1.262 - 3.542\\\\= \bold{-2.280}\\\\\rule[225]{225}{2}[/tex]

Carter is considering two different jobs. Job A has a starting bonus of $300 and pays $12.50 an hour Job B has starting a bonus and pay that are represented by the equation
y=10z + 400, where y is the total amount earned and I is the number of hours worked Select all statements that are true
Job B has a larger starting bonus than Job A.
Job A pays more per hour than Job B.
Job A has a larger starting bonus than Job B.
Job B pays more per hour than Job A.

Answers

Answer:

Step-by-step explanation:

Job B has a larger starting bonus than Job A: true,
Job B pays 400, A pays 300.

Job A pays more per hour than Job B: true,
Job A pays 12.50 per hour, Job B pays 10 per hour.

help on this please.

Answers

Are you trying to find the blank angle or are you looking for the equivalent of something here is something that might be able to help. I do not know if this answers your questions

A circle is to be drawn with radius 3.5 inches. the radius is measured as 3.6 instead, what error does this cause in the area of the circle?(leave your answer in terms of pi )

Answers

Answer:

[tex]0.71\pi\: in^2[/tex]

Step-by-step explanation:

[tex]r_1= 3.5\: in[/tex]

[tex]r_2= 3.6\: in[/tex]

[tex]A_1=\pi r_1^2=\pi(3.5)^2= 12.25\pi \:in^2[/tex]

[tex]A_2=\pi r_2^2=\pi(3.6)^2= 12.96\pi \:in^2[/tex]

[tex]Difference\: in \:area =A_2-A_1=0.71\pi\:in^2[/tex]

[tex]\implies Error \:in\: the \:area \:of\: the \:circle = 0.71\pi\: in^2[/tex]

Write the first 8 triangular numbers

Answers

Answer:

1, 3, 6, 10, 15, 21, 28, 36. Notice that the first 2 terms are odd, followed by another 2 even terms, and then another 2 odd terms, before 2 even terms again.

Finding the Range
Find the range of the following set of numbers: 3, 16, 4,
17, 42, 12, 12, 16, 92, 14, 5.
After you find the range, explain how you came to that
calculation in the box below.

Answers

Answer:

89

Step-by-step explanation:

92 - 3 =89

subtract smallest from largest

4) What % of 60 is 12?

Answers

[tex]\bf \colorbox{black} {\bf {\textcolor{blue}{ }{ \bf { \textcolor{orange}{ }{ \bf{ \textcolor{cyan}{mathematics }}}}}}}[/tex]

12×60%=

[tex] \bf \textcolor{green}{ \underbrace{7.2}}[/tex]

xLasersx✨

Answer:

20%

Step-by-step explanation:

100% = 60

?% = 12

[tex]\frac{12}{60}=\frac{x}{100} < ==cross\ multiply \\\\60x=1200 < ==divide\ both\ sides\ by\ 60\\\\/60 /60\\\\x = 20\% < ==final\ answer[/tex]

Therefore, 20% of 60 = 12

Check your answer:

20/100 = 0.2

0.2 * 60 = 12

Hope this helps!

Franco has $1.95 in his pocket. His mom has three times as much in her pocket. How much money do Franco and his mom have in total?

$1.95
$5.85
$6.80
$7.80

Answers

Answer: $5.85

Step-by-step explanation:

Answer:

5.85

Step-by-step explanation:

since Franco's mok has THREE times as much in her pocket, that means we we multiple 1.95 by 3. $1.95x3=$5.85

Express 6 m as a percentage of 16 m.

Answers

Answer:

37.5%

Step-by-step explanation:

the percentage is calculated as a fraction of the quantities multiplied by 100% , that is

[tex]\frac{6}{16}[/tex] × 100% = 0.375 × 100% = 37.5%

Answer:

37.5%

Step-by-step explanation:

6/16×100

37.5%

brainiest please

can you please help me?

Answers

Answer:

24.00

Step-by-step explanation:

8 times tables

Please help I'm extremely confused.

Find the value of x. Round to the nearest tenth. The diagram is not drawn to scale. (picture of diagram included )​

Answers

Answer:

8.4 is the correct answer on acellus

Explain why 10 to the zero power equals 1

Answers

Answer:

Because any number to the power of zero will be one.

What does n equal? Please help!

Answers

Answer:

x=0

Step-by-step explanation:

because you divide by x^12

x^n=x^0

x=0

Rewrite without absolute value for the given condition: y=|x−3|+|x+2|−|x−5|, if 3 < x < 5

Answers

Answer:

x>3 but x<5 so x=4

4-3=1

+

4+2=6

-

4-5=-1

but |-1|=1

so

1+6-1=6

The question is below:

Answers

Answer:

D.

Step-by-step explanation:

The original antenna revolves at a rate of 30 per 2 minutes, or 15 per minute.

Twice as fast = 15 X 2 = 30 per minute

Only the data in Table D fits.

660 / 22 = 30

720 / 24 = 30

what is the slope of the line on the graph need answer ASAP please thank you I'm in k-12​

Answers

The answer is -1 your welcome

how to multiply and divide decimals with whole numbers

Answers

If this helps: 10 x .5 would be the same as 50% of 10. Also: 40 x .12 would be the same as 12% of 40.

Brainliest available

Simplify

Answers

Answer:

8x^3y^3

Step-by-step explanation:

Thats the answer but the ones with the symbol are up

To simplify this, we must simply power every component within the parentheses by 3

   [tex](2xy)^3=2^3*x^3*y^3 = 8x^3y^3[/tex]

Hope that helps!

please slove

10^3⋅10^4/10^5

Answers

Answer:

100

Step-by-step explanation:

10^3= 10x10x10= 1000

10^4= 10x10x10x10= 10000

10^5= 10x10x10x10x10= 100000

( the quickest way to sove this is by add 0 behind the one, whatever the exponent is, thats how many zeroes there abre going to be.

ex: 10^3 theres 3 exponents so theres going to be 3 zeroes behind the one

step 2 solve

1000x10000/100000= 100

Answer:

10^2

Step-by-step explanation:

10^3⋅10^4/10^5

add the exponents when multiplying

10^7/10^5

subtract the exponents when dividing

10^2

Is (-4, -1) a solution to this system of equations?

y = 5/2x + 9
y = 1/2x + 1

Yes or no

Answers

Answer:

yes(only if the x is being multiplied to 5/2 and 1/2 respectively. If its a part of the denominator, then no)

Step-by-step explanation:

Item 3
Solve for b.

16=a2+b2



b=16−a2

b=4−a

b=±16+a2−−−−−−√

b=±16−a2−−−−−−√

Answers

Answer:

I'm taking the test right now so i'll tell you the right answer after I submit my test but for now I think it's C.

A new car is purchased for 15100 dollars. The value of the car depreciates at 12. 25% per year. To the nearest year, how long will it be until the value of the car is 2300 dollars?​

Answers

[tex]\qquad \textit{Amount for Exponential Decay} \\\\ A=P(1 - r)^t\qquad \begin{cases} A=\textit{current amount}\dotfill &\$2300\\ P=\textit{initial amount}\dotfill &\$15100\\ r=rate\to 12.25\%\to \frac{12.25}{100}\dotfill &0.1225\\ t=years \end{cases} \\\\\\ 2300=15100(1 - 0.1225)^{t}\implies \cfrac{2300}{15100}=(1 - 0.1225)^{t}\implies \cfrac{23}{151}=0.8775^t[/tex]

[tex]\log\left( \cfrac{23}{151} \right)=\log(0.8775^t)\implies \log\left( \cfrac{23}{151} \right)=t\log(0.8775) \\\\\\ \cfrac{~~\log\left( \frac{23}{151} \right)~~}{\log(0.8775)}=t\implies 14.4\approx t\qquad \textit{about 14 years and 146 days}[/tex]

Use the Distributive Property to simplify the following expression. a: 4(x+2) b; -5(9+x) c: 7(x-3)

Type down when answering how you got the answers​

Answers

hello!

=======================================================

The Distributive Property states the following:-

[tex]\longrightarrow\sf{a(b+c)=ab+ac[/tex]

Where

[tex]\longrightarrow\sf{a,~b,~and~c~can~be~either~constants~or~variables}[/tex]

Now, let's use this property to simplify our expressions.

The first one is

[tex]\bigstar{\underline{\boxed{{4(x+2)}}}[/tex]

Simplify by distributing 4:-

[tex]\longrightarrow\sf{4~times~x~+4~times~2}[/tex]

Add the products:-

[tex]\longrightarrow\sf{4x+8}[/tex]

[tex]\rule{250}{2}[/tex]

Solve the next one:-

[tex]\bigstar{\underline{\boxed{\sf{-5(9+x)}}}[/tex]

Distribute -5 & add the products:-

[tex]\longrightarrow\sf{-45-5x}[/tex]

[tex]\rule{250}{2}[/tex]

Solve the last one:-

[tex]\bigstar{\underline{\boxed{7(x-3)}}[/tex]

Distribute 7:-

[tex]\longrightarrow\sf{7x-21}[/tex]

======================================================

note:-

Hope everything is clear; if you need any more explanation/clarification, kindly let me know, and I'll comment and/or edit my answer :)

Find the perimeter and area of a regular hexagon with side lengths of 8 and an apothem of 9.

Answers

The perimeter and area of a regular hexagon with side length of 8 and apothem of 9 are 48 units and 216 units² respectively.

What is a regular hexagon?

A regular hexagon is a polygon with 6 sides and the angles are congruent.

The perimeter of the hexagon is the sum of the whole sides. Therefore,

side length = 8 units

apothem = 9 units

perimeter = 8 × 6 = 48 cm

The area of the hexagon can be calculated as follows:

area = 1 / 2 pa

where

p  =perimeter

a = apothem

Therefore,

area = 1  / 2 × 48 × 9

area = 432 / 2

area = 216 units²

learn more on hexagon here: https://brainly.com/question/15392522

CO
1 If the area of a rectangle is 306 square centimeters (cm”) and one dimension is 6
centimeters, what is the measurement of the other dimension? Use labeled sketches
and equations to model and solve this problem.

Answers

The other dimension is the width of the rectangle

The other dimension is 51 centimeters

How to determine the length of the other dimension?

The given parameters are:

Area = 306 square centimeters

Length = 6 centimeters

The area of the rectangle is calculated as:

Area = Length * Width

This gives

306 = 6 * Width

Divide both sides by 6

51 = Width

Hence, the other dimension is 51 centimeters

Read more about areas at:

https://brainly.com/question/24487155

Entre los números -4 y 0 cuál es menor

Answers

Answer:

el menor es -4 :) porque entre más izquierda esté el número en la recta menor es (ejemplo en la foto). negativos siempre son menor que positivos :D

5 out of 13 students will ride in a car instead of a van

Answers

Answer:

Step-by-step explanation:8

Answer:

the answer is 8 i think xddd

Find the sixth term of the geometric sequence when a4=−8 and r=0.5
A. 4
B. 2
C. -4
D. -2

Answers

Answer:

D

Step-by-step explanation:

to find a term in the sequence multiply the previous term by r , then

a₄ = - 8 , so

a₅ = - 8 × 0.5 = - 4

a₆ = - 4 × 0.5 = - 2

The sixth term of the sequence will be negative 2. Then the correct option is D.

What is a geometric sequence?

Let a₁ be the first term and r be the common ratio.

Then the nth term of the geometric sequence is given as,

aₙ = a₁ · (r)ⁿ⁻¹

The fourth term (a₄) is negative 8 and the common ratio is 0.5.

Then the sixth term will be

For n = 5, we have

a₅ = a₁ · (r)⁵⁻¹

a₅ = a₁ · (r)⁴

a₅ = a₁ · r³ · r

a₅ = a₄ · r

a₅ = -8 · 0.5

a₅ = -4

Then the sixth term of the sequence will be

a₆ = a₁ · (r)⁶⁻¹

a₆ = a₁ · (r)⁵

a₆ = a₁ · r⁴ · r

a₆ = a₅ · r

a₆ = -4 · 0.5

a₆ = -2

The sixth term of the sequence will be negative 2.

Then the correct option is D.

More about the geometric sequence link is given below.

https://brainly.com/question/11266123

#SPJ2

Solve 12x + 6 > 9x+ 12.
O A. x26
O B. X22
x2
O c. xs 2
O D. x56

Answers

Just in case my image doesn’t upload, you basically just have to solve it like a normal equation. Replace the > sign with an = sign when you solve it so u don’t get confused. Then, when you get the final product, x = 3, then switch the = sign with the > sign again, so the answer is: x > 3
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