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Sample size and standard error of the data collected

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Suppose the distribution of alumni salary has a mean of $50k per year and a standard deviation of $5k. The research office collected salary information from 121 business alumni. Its collected data show that the mean salary of their first job is $58k per year. Please show all work as I would like to learn this skill.

(a) What is the sample size and standard error of the data collected?

(b) What is the probability that the sampled alumni have a mean salary of $58k or more?

Reference no: EM131697881

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