Major league baseball salaries averaged $3.26 million with a standard deviation of $1.2 million in a recent year. Suppos

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Major League Baseball Salaries Averaged 3 26 Million With A Standard Deviation Of 1 2 Million In A Recent Year Suppos 1 (40.38 KiB) Viewed 27 times

Major league baseball salaries averaged $3.26 million with a standard deviation of $1.2 million in a recent year. Suppose a sample of 100 major league players was taken. 1. What was the standard error for the sample mean salary? (Enter this answer out to 2 decimal places.) 2. Find the probability that the mean salary of the 100 players in the sample exceeded $3.5 million. 3. Find the probability that the mean salary of the 100 players was less than $2.85 million. 4. For all possible samples of size n=100, 5% of the sample mean salaries will be below what amount? 5. For all possible samples of size n=100, 3% of the sample mean salaries will be above what amount? Enter the correct answers in order in the boxes below. Enter all probability solutions in decimal form rounded to 4 decimal places.