The annual salary for one particular occupation is normally distributed, with a mean of about $126,000 and a standard deviation of about $18,000. Random samples of 30 are drawn from this population, and the mean of each sample is determined. Find the mean and standard deviation of the sampling distribution of these sample means. Then, sketch a graph of the sampling distribution. The mean is μ =, and the standard deviation is o =. (Round the nearest integer as needed. Do not include the $ symbol in your answers.)
The annual salary for one particular occupation is normally distributed, with a mean of about $126,000 and a standard deviation of about $18,000. Random samples of 30 are drawn from this population, and the mean of each sample is determined. Find the mean and standard deviation of the sampling distribution of these sample means. Then, sketch a graph of the sampling distribution. The mean is μ =, and the standard deviation is o =. (Round the nearest integer as needed. Do not include the $ symbol in your answers.)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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