SOLUTION: Major league basket ball salaries averaged R3,26 million with a standard deviation of R1,2 million in a recent year. Suppose a sMple of 100 players was taken find the probability t

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Question 1193802: Major league basket ball salaries averaged R3,26 million with a standard deviation of R1,2 million in a recent year. Suppose a sMple of 100 players was taken find the probability that the mean salary of the 100 players exceed R4.0 million
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
z=(x-mean)/sigma/sqrt(n)
>=(4.0-3.26/1.2/sqrt(100)
>=0.74*10/1.2
>=6.17
That probability is essentially 0