Question: Let be the mean annual salary of Major League
Let µ be the mean annual salary of Major League Baseball players for 2012. Assume that the standard deviation of the salaries of these players is $2,845,000. What is the probability that the 2012 mean salary of a random sample of 32 baseball players was within $500,000 of the population mean, µ? Assume that n/N < .05.
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