The Average Starting Salary for This Year's Graduates at a Large

question 6

Short Answer

The average starting salary for this year's graduates at a large university (LU) is $20,000 with a standard deviation of $8,000. Furthermore, it is known that the starting salaries are normally distributed.
a.What is the probability that a randomly selected LU graduate will have a starting salary of at least $30,400?
b.Individuals with starting salaries of less than $15,600 receive a low income tax break. What percentage of the graduates will receive the tax break?
c.What are the minimum and the maximum starting salaries of the middle 95% of the LU graduates?
d.If 189 of the recent graduates have salaries of at least $32,240, how many students graduated this year from this university?

---

Definitions:

Scientific Attitude

An approach characterized by skepticism, critical thinking, and reliance on empirical evidence for understanding phenomena.

Open-Minded Humility

The disposition to approach ideas, arguments, and information with openness and modesty without assuming one already knows everything there is to know.

SQ3R Study Method

A reading comprehension method designed to help individuals understand, remember, and apply information, standing for Survey, Question, Read, Recite, and Review.

Actively Process

The cognitive action of engaging with information thoughtfully and critically, often leading to better understanding and retention.