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Author Question: Major league baseball salaries averaged 3.26 million with a standard deviation of 1.2 million in a ... (Read 149 times)

pepyto

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on: Jun 24, 2018
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. Find the approximate probability that the mean salary of the 100 players was less than 2.5 million.
 
  A) 0.9849 B) approximately 1 C) approximately 0 D) 0.0151

Question 2

The variance of the sum of two investments will be equal to the sum of the variances of the two investments when the covariance between the investments is zero.
 
  Indicate whether the statement is true or false


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heyhey123

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


pepyto

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

isabelt_18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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