Chapter 6: Problem 12
The average teacher's salary in North Dakota is \(\$ 37,764\). Assume a normal distribution with \(\sigma=\$ 5100 .\) a. What is the probability that a randomly selected teacher's salary is greater than \(\$ 45,000 ?\) b. For a sample of 75 teachers, what is the probability that the sample mean is greater than \(\$ 38,000 ?\)
Short Answer
Step by step solution
Understand the Problem
Calculate Z-Score for Individual Salary
Find Probability for Individual Salary
Calculate Standard Error for Sample Mean
Calculate Z-Score for Sample Mean
Find Probability for Sample Mean
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Z-Score Calculation
- \( x \) is the value of interest, in this case, \( \\( 45,000 \).
- \( \mu \) is the mean, which is \( \\) 37,764 \).
- \( \sigma \) is the standard deviation, \( \\( 5,100 \).
Standard Error
- \( \sigma \) is the population standard deviation, \( \$ 5,100 \).
- \( n \) is the sample size, here it's 75.
Probability
- The z-score: 1.42.
- Probability \( Z < 1.42 \) from the table is about 0.9222.
- Thus, \( P(Z > 1.42) = 1 - 0.9222 = 0.0778 \).
Teacher Salaries
- The mean (average) is \( \\( 37,764 \).
- The standard deviation represents typical salary variability, \( \\) 5,100 \).