(Steps Shown) The average salary for graduates entering the actuarial field in $40,000. If the salaries are normally distributed with a standard deviation of
Question: The average salary for graduates entering the actuarial field in $40,000. If the salaries are normally distributed with a standard deviation of $5000, find the probability that
- An individual graduate will have a salary over $45000.
- A group of nine graduates will have a group average over $45000.
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