An analyst finds that the mean and the standard deviation of executive compensation for the 515 highest paid CEOs in publicly traded U S companies are $10 63 million and $10 07 million, respectively A random sample of 43 CEO compensations is selected You may find it useful to reference the z table a Is it necessary to apply the finite population correction factor multiple choice 1 Yes No b Is the sampling distribution of the sample mean approximately normally distributed multiple choice 2 Yes No c Calculate the expected value and the standard error of the sample mean (Round expected value to 2 decimal places and standard error to 4 decimal places ) d What is the probability that the sample mean is more than $15 million (Round final answer to 4 decimal places )

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Question: An analyst finds that the mean and the standard deviation of executive compensation for the 515 highest paid CEOs in publicly traded U.S. companies are

An analyst finds that the mean and the standard deviation of executive compensation for the 515 highest paid CEOs in publicly traded U.S. companies are $10.63 million and $10.07 million, respectively. A random sample of 43 CEO compensations is selected.[You may find it useful to reference thez table.]

a.Is it necessary to apply the finite population correction factor?

multiple choice 1

b.Is the sampling distribution of the sample mean approximately normally distributed?

multiple choice 2

c.Calculate the expected value and the standard error of the sample mean.(Round "expected value" to 2 decimal places and "standard error" to 4 decimal places.)

d.What is the probability that the sample mean is more than $15 million?(Round final answer to 4 decimal places.)

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