Mathematics, 29.03.2021 18:30 KennyMckormic

Business Weekly conducted a survey of recent graduates from the top MBA programs. On the basis of the survey, assume that 60% of the recent graduates annual salary exceeds $40000. Suppose you take a simple random sample of 51 recent graduates . Note: round all z scores to decimal places and all other numbers to 4 decimal places. Find the probability that less than 70% of the 51 recent graduates have an annual salary exceeding $40000.

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