A simple random sample of 40 salaries of NCAA football coaches has a mean of $415,953. Assume
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A simple random sample of 40 salaries of NCAA football coaches has a mean of $415,953. Assume that σ = $463,364.
a. Find the best point estimate of the mean salary of all NCAA football coaches.
b. Construct a 95% confidence interval estimate of the mean salary of an NCAA football coach.
c. Does the confidence interval contain the actual population mean of $474,477?
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