Answer:
The planning value for the population standard deviation is of 4330.
Step-by-step explanation:
Uniform probability distribution:
The uniform probability distribution has two bounds, a and b. The standard deviation is given by:
[tex]S = \sqrt{\frac{(b-a)^2}{12}}[/tex]
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between 20000 and 35000.
Uniform in this interval, so [tex]a = 20000, b = 35000[/tex]
What is the planning value for the population standard deviation?
[tex]S = \sqrt{\frac{(35000 - 20000)^2}{12}} = 4330[/tex]
The planning value for the population standard deviation is of 4330.
