Suppose a pharmaceutical company wants to do a study of the commissions of its sales force. Let's assume that there are 4,300 sales people and the population mean for the sales force is $52,400 in commissions and has a population standard deviation of $3,500. What is the probability that a simple random sample of 50 members of the sales force will have commissions within $400 of the population mean?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Suppose a pharmaceutical company wants to do a study of the commissions of its sales force. Let's assume that there are 4,300 sales people and the population mean for the sales force is $52,400 in commissions and has a population standard deviation of $3,500. What is the probability that a simple random sample of 50 members of the sales force will have commissions within $400 of the population mean?

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