Question

Find the probability and interpret the results. If​convenient,use technology to find the probability.

The population mean annual salary for environmental compliance specialists is about ​$65,500. A random sample of 37 specialists is drawn from this population. What is the probability that the mean salary of the sample is less than $62,500? Assume sigma=​$5,600.

The probability that the mean salary of the sample is less than ​$62,500 is?

Answer 1

#probability that the mean salary of the sample is less than ​$62,500 is 0.00056

# There is only 0.056% chance that probability that the mean salary of the sample is less than ​$62,500 which is very low