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Please help with the following probability problem.
According to the American Federation of Teachers, the average salary of 1998 college graduates with a degree in accounting was $33,702 (USA Today, June 18, 1999). Assume that the distribution of current salaries of recent graduates with a degree in accounting is skewed to the right with a mean of $33,702 and a standard deviation of $3,900. Find the probability that the mean current salary of a random sample of 200 recent college graduates with a degree in accounting is within $400 of the population mean.
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Solution Summary
The probability has been calculated assuming a normal distribution.
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Problem: According to the American Federation of Teachers, the average salary of 1998 college graduates with a degree in accounting was $33,702 (USA Today, June 18, ...
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