Exhibit 6-6
The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000.
-Refer to Exhibit 6-6. What percentage of MBA's will have starting salaries of $34,000 to $46,000?
A)38.49%
B)38.59%
C)50%
D)76.98%

Question

Quizplus · Accepted Answer

The range $34,000 to $46,000 is within one standard deviation (±$5,000) from the mean ($40,000). In a normal distribution, approximately 68% of the data falls within one standard deviation of the mean. However, since $34,000 to $46,000 covers more than one standard deviation (from -1.2 to +1.2), the percentage is higher, approximately 76.98%.

Exhibit 6-6 The Starting Salaries of Individuals with an MBA Degree Are