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The director of a prestigious MBA program tell students that, as graduates of the program, they can expect to be earning a mean monthly income
The director of a prestigious MBA program tell students that, as graduates of the program, they can expect to be earning a mean monthly income of $10,000. Assuming that the director is correct and given that monthly salaries have a standard deviation of $500, then for a random sample of 100 graduate salaries, what is the probability that the sample mean is between $9,950 and $10,250
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