NAME:
For a very large sample of men, age 25-34, the average income was $29,800 and the SD was $14,400.
1) A typical starting salary for a lawyer graduating in the top of his or her class is about $80,000. What is this in standard units?
2) In standard units, a particular person's income is -.54. What is her income?
3) Approximately what percent of men in this age group have incomes in the range $15,400 to $45,200? (Assume that the distribution of income is apprxoimately symmetric.)
4) Again, assuming income distribution is approximately symmetric,
about what percentage of men in this age group have incomes over $58600?