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Suppose that the starting salaries of MBAs at Wilfrid Laurier University WLU are normally distributed with a mean of $62000 and a standard deviation of $14500 The starting salaries of

Suppose that the starting salaries of MBAs at Wilfrid Laurier University (WLU) are normally distributed, with a mean of $62,000 and a standard deviation of $14,500. The starting salaries of MBAs at the University of Western Ontario (UWO) are normally distributed, with a mean of $60,000 and a standard deviation of $18,300. If a random sample of 50 WLU MBAs and a random sample of 60 UWO MBAs are selected, what is the probability that the sample mean starting salary of WLU graduates will exceed that of the UWO graduates?

Jun 22 2020 View more View Less

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