Average salary for graduates entering the actuarial field


The average salary for graduates entering the actuarial field is $40000. If the salaries are normally distributed with a standard deviation of $5000, find the probability that a) an individual graduate will have a salary over $45000 and b) A group of nine graduates will have a group average over $45000.

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Basic Statistics: Average salary for graduates entering the actuarial field
Reference No:- TGS0111994

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