Mean for the salaries of junior executives


Incomes of junior executives are normally distributed with a standard deviation of $3,828.

a) What is the mean for the salaries of junior executives if a salary of $62,900 is at the top end of the middle 80% of incomes.

b) With the additional information learned in part (a), what is the probability that a randomly selected junior executive earns less than $50,000?

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Basic Statistics: Mean for the salaries of junior executives
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