Math Problem Statement

The average salary for graduates entering the engineering field is $40,000. If the salaries are normally distributed with a standard deviation of $5000, find the probability that. b) A group of nine graduates will have a group average over $45,000.

Solution

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Math Problem Analysis

Mathematical Concepts

Normal Distribution
Sampling Distribution
Z-score

Formulas

Standard Error of the Mean (SEM)
Z-score formula

Theorems

Central Limit Theorem

Suitable Grade Level

College Level