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Consider the sampling distribution of the sample

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Salaries of all employees at a huge corporation have a mean of $63,500 and a standard deviation of $8,250.

Consider the sampling distribution of the sample means from samples of size 100.

That is if all possible samples of size 100 employees were selected, what would be the mean of all these sample means?

What is the standard deviation of these sample means?

What is the probability that the mean of a sample of size 100 will be less than $60,000?

Reference no: EM132856077

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