Salaries differ greatly between faculty members at public universities in the United States. Full professors (who have tenure and do research) earn an average of $125,572 per year with a standard deviation of $18,328. Associate professors (who are working towards tenure and do research) earn an average of $90,101 per year with a standard deviation of $12,741. Lecturers (whose primary responsibility is teaching and do not earn tenure) earn an average of $59,707 per year with a standard deviation of $7,386. Assume all three populations are normally distributed.

a. What is the probability that a randomly selected full professor makes less than $100,000 per year?

Question

Mathematics

Marina Donaldson

11 December, 03:31

Salaries differ greatly between faculty members at public universities in the United States. Full professors (who have tenure and do research) earn an average of $125,572 per year with a standard deviation of $18,328. Associate professors (who are working towards tenure and do research) earn an average of $90,101 per year with a standard deviation of $12,741. Lecturers (whose primary responsibility is teaching and do not earn tenure) earn an average of $59,707 per year with a standard deviation of $7,386. Assume all three populations are normally distributed.

a. What is the probability that a randomly selected full professor makes less than $100,000 per year?

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Answers (1)

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Nicholas Rivas · Answer 1

We standardize the $100,000 as a z score of

z = (100,000 - 125572) / 18328 = - 1.395

That's 1.4 standard deviations below the mean. We look up the area of the standard normal from - infinity to - 1.40 standard deviations and find

P (salary < $100,00) = 0.08076 = 8%