(Solution Library) It is believed that first-year salaries for newly qualified accountants have a standard deviation of $2500. A random sample of 50 observations
Question: It is believed that first-year salaries for newly qualified accountants have a standard deviation of $2500. A random sample of 50 observations was taken.
- Is it necessary to assume that the distribution of salaries is normal?
- Find the probability that the sample standard deviation is more than $3000.
- Find the probability that the sample standard deviation is less than $1500.
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