18. The average starting salary for this year’s graduates at a large university (LU) is $30,000
with a standard deviation of $8,000. Furthermore, it is known that the starting salaries
are normally distributed.
a. What is the probability that a randomly selected LU graduate will have a starting
salary of at least $30,400?
b. Individuals with starting salaries of less than $15,600 receive a low income tax
break. What percentage of the graduates will receive the tax break?
c. What are the minimum and the maximum starting salaries of the middle 95% of
the LU graduates?
d. If 303 of the recent graduates have salaries of at least $43,120, how many
students graduated this year from this university?
19. The weights of items produced by a company are normally distributed with a mean of 4.5
ounces and a standard deviation of 0.3 ounces.
a. What is the probability that a randomly selected item from the production will
weigh at least 4.14 ounces?
b. What percentage of the items weighs between 4.8 and 5.04 ounces?
c. Determine the minimum weight of the heaviest 5% of all items produced.
d. If 27,875 of the items of the entire production weigh at least 5.01 ounces, how
many items have been produced?
20. The life expectancy of Timely brand watches is normally distributed with a mean of four
years and a standard deviation of eight months.
a. What is the probability that a randomly selected watch will be in working
condition for more than five years?
b. The company has a three-year warranty period on their watches. What
percentage of their watches will be in operating condition after the warranty
period?
c. What is the minimum and the maximum life expectancy of the middle 95% of the
watches?
d. Ninety-five percent of the watches will have a life expectancy of at least how
many months?