The Recent Average Starting Salary for New College Graduates in Computer

question 55

Essay

The recent average starting salary for new college graduates in computer information systems is $47 500. Assume that salaries are normally distributed, with a standard deviation of $4500.
a. What is the probability of a new graduate receiving a salary between $45 000 and $50 000?
b. What is the probability of a new graduate getting a starting salary in excess of $55 000?
c. What percentage of starting salaries are no more than $42 250?
d. What is the cut-off for the bottom 5% of the salaries?
e. What is the cut-off for the top 3% of the salaries?

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Definitions:

Functional Units

Individual parts or components of a system that carry out specific functions, contributing to the system's overall operation.

Nephrons

The functional units of the kidney, responsible for filtering and removing waste products from the blood to form urine.

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The process of combining two or more components to produce an entity of new complexity.

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A fat-soluble vitamin essential for calcium absorption, bone health, and immune function, produced by the body when the skin is exposed to sunlight.