In a recent year, the average salary of individuals at a large corporation was $74,320. Assume the standard deviation is $5,400 and the average salary of individuals in the large corporation is normally distributed. Find the probability that the mean of a sample of 72 employees of the large corporation will be (Show your work to receive credit):
a) Between $73,000 and $75,000
b) More than $72,400
Get Answers For Free
Most questions answered within 1 hours.