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STATISTICS 101-Suppose the distribution of alumni salary has a

by | Nov 29, 2023 | Posted Questions

Suppose the distribution of alumni salary has a mean of $50k per year and a standard deviation of $5k. The research office collected salary information from 121 business alumni. Its collected data show that the mean salary of their first job is $58k per year.

(a) What is the sample size and standard error of the data collected?

(b) What is the probability that the sampled alumni have a mean salary of $58k or more?

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