Math Problem Statement
The mean starting salary offered to graduating students with a certain major in a recent year was $64,245 , with a standard deviation of $3712. A random sample of 85 of that year's graduating students with the major has been selected.
What is the probability that the mean starting salary offered to these 85 students was $64,250 or less?
Carry your intermediate computations to at least four decimal places. Round your answer to at least three decimal places.
Solution
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Math Problem Analysis
Mathematical Concepts
Central Limit Theorem
Standard Error
Z-score
Normal Distribution
Formulas
Standard Error of the Mean
Z-score formula
Theorems
Central Limit Theorem
Suitable Grade Level
Undergraduate
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