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Exhibit 6-6 The Starting Salaries of Individuals with an MBA Degree Are

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Exhibit 6-6
The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000.
-Refer to Exhibit 6-6. What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $30,000?


Definitions:

Age Discrimination

Unfair treatment of individuals based on their age, prohibited in employment and other areas under laws like the Age Discrimination in Employment Act.

Civil Penalties

Financial charges, fines, or penalties imposed by governmental agencies as punishment for violating certain laws or regulations, not constituting criminal punishment.

Unauthorized Worker

An individual who is employed without the legal right to work in the jurisdiction or under conditions that violate employment laws.

Hiring of Foreign Workers

The process of employing individuals from countries other than the one where the business operates, often involving specific legal and regulatory considerations.

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