This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Major league baseball salaries averaged 3.26 million with a standard deviation of 1.2 million in a ... (Read 92 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heyhey123

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


pepyto

  • Member
  • Posts: 547
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

President-elect Barack Obama 150 million tiny carbon nanotubes President-elect Barack Obama 150 million tiny carbon nanotubes
Major Findings of the High Scope Preschool Study High Scope participants showed better academic per Major Findings of the High Scope Preschool Study High Scope participants showed better academic per
Classification of Antidepressants: Treatment of Major Depressive Disorder Classification of Antidepressants: Treatment of Major Depressive Disorder
Major causes of biodiversity loss Major causes of biodiversity loss
Major Structures of the Ear Major Structures of the Ear
Major Causes of Death from Infectious Disease Major Causes of Death from Infectious Disease
Video: Red Blood Cells - Erythropoietin (EPO)

For a complete list of videos, visit our video library