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. What is the random variable in this experiment?
In this case, the random variable would be the starting salaries of individuals with an MBA degree
In this case, the random variable would be the starting salaries of individuals with an MBA degree. A random variable is a numerical quantity that describes the outcomes of a random experiment. Here, the experiment involves observing the starting salaries of individuals with an MBA degree, and this observation can vary from person to person. The random variable is used to represent these possible outcomes in a mathematical form, allowing us to analyze and understand their distribution.
More Answers:
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