A population of values has a normal distribution with μ=211.7 and σ=23.8. You intend to draw a random sample of size n=232. Please answer the following questions, and show your answers to 1 decimal place.
Find the value separating the bottom 30% values from the top 70% values.
Find the sample mean separating the bottom 30% sample means from the top 70% sample means.
usiness Weekly conducted a survey of graduates from several top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $172,000. Assume the standard deviation is $36,000. Suppose you take a simple random sample of 16 graduates. Round all answers to four decimal places if necessary.