Math Problem Statement
According to a recent survey, the salaries of entry-level positions at a large company have a mean of $41,750 and a standard deviation of $6500. Assuming that the salaries of these entry-level positions are normally distributed, find the proportion of employees in entry-level positions at the company who earn at most $53,000. Round your answer to at least four decimal places.
Solution
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Math Problem Analysis
Mathematical Concepts
Normal Distribution
Cumulative Probability
Z-score
Formulas
Z-score formula: z = (X - μ) / σ
Theorems
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Suitable Grade Level
Advanced High School
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