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Major league baseball salaries averages $3.26 million with a standard deviation of $1.2 million in a...

Major league baseball salaries averages $3.26 million with a standard deviation of $1.2 million in a certain year in the past. Suppose a sample of 100 major league players was taken . Find the approximate probability that the mean salary of the 100 players was no more than $3.0 million.

SHOW your work:     a) Approximately 0 b) 0.0151 c) 0.9849 d) Approximately 1

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Answer #1

u=3.26 02112 n=100 PG $3.0) =P ( +215100 - P(2.5-2.15667) -0.0151 I b) 0.0151

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