Assume that 40% of graduates come from University A and and earn
salaries of 30,000 on...
50.1K
Verified Solution
Link Copied!
Question
Statistics
Assume that 40% of graduates come from University A and and earnsalaries of 30,000 on average with a standard deviation of 5,000.The remainder come from University B and earn salaries of 25,000 onaverage with a standard deviation of 7,500. If you are told that agraduate is earning less than 35,000, what is the probability thatthey came from University A? (Assume salaries are normallydistributed.)
Answer & Explanation
Solved by verified expert
4.4 Ratings (1000 Votes)
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!