SOLUTION: Major league baseball salaries averaged $3.26 million with a standard deviation of $1.2 million in a certain year in the past. Suppose a sample of 100 major league players was take
Algebra.Com
Question 1156525: Major league baseball salaries averaged $3.26 million with a standard deviation of $1.2 million in a certain year in the past. Suppose a sample of 100 major league players was taken. Find the approximate probability that the mean salary of the 100 players was no more than $3.0 million.
Select one:
A. Approximately 1
B. 0.0151
C. Approximately 0
D. 0.9849
Answer by VFBundy(438) (Show Source): You can put this solution on YOUR website!
= = -2.17
Look up -2.17 on a z-table. The result is 0.0150. So, the answer is B.
RELATED QUESTIONS
Major league basket ball salaries averaged R3,26 million with a standard deviation of... (answered by Boreal)
In a recent year a baseball team paid two times as much to their ace pitcher as they paid (answered by ikleyn)
Data show that men between the ages of 20 and 29 in a general population have a mean... (answered by CPhill)
As of April 20,2010, a random sample of 50 Major League pitchers has an earned run... (answered by ewatrrr)
In 1995, the sports league introduced a salary cap that limits the amount of money spent... (answered by josgarithmetic)
A firms marketing manager believes that total sales for the firm next year can be modeled (answered by Boreal)
Kevin Jones, Texas Tiger’s Quarterback, agreed to an eight-year, $50 million contract... (answered by Theo)
The average base salaries of ten random basketball players was $4.5 million and a... (answered by Fombitz)
In a certain year, Minnesota produced 2/3 and Michigan produced 1/6 of all the iron ore... (answered by DDMSMathTutor)