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GCD Inc. supports a local health foundation, with funds received during its annual campaigns from individuals and corporate donors. Suppose that the amount donated follows
GCD Inc. supports a local health foundation, with funds received during its annual campaigns from individuals and corporate donors. Suppose that the amount donated follows a normal distribution with a standard deviation of $200,000. A random sample of 400 donors from the last campaign was taken in order to estimate the mean donated amount for the population of all donors. What is the probability that the sample mean amount differs from the population mean by more than $25,000?
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