Salaries of travel managers. According to a 2012 Business Travel News survey, the average salary of a
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Salaries of travel managers. According to a 2012 Business Travel News survey, the average salary of a travel manager is $110,550. Assume that the standard deviation of such salaries is $25,000. Consider a random sample of 40 travel managers, and let x represent the mean salary for the sample.
a. What is mx?
b. What is sx?
c. Describe the shape of the sampling distribution of x.
d. Find the z-score for the value x = $100,000.
e. Find P1x 7 100,0002.
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Related Book For
Statistics Plus New Mylab Statistics With Pearson Etext Access Card Package
ISBN: 978-0134090436
13th Edition
Authors: James Mcclave ,Terry Sincich
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