What is the probability that the sample mean will exceed
In a given year, the average annual salary of a NFL football player was $205,000 with a standard deviation of $24,500. If a simple random sample of 50 players was taken, what is the probability that the sample mean will exceed $210,000?
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You are a $10 million consulting company responding to a Request for Proposal for a prospective client. The client seeks an analysis of its existing network in anticipation of a large merger. This engagement would be worth over $5 million in revenue
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Unfortunately, the company has a problem with the variability of the weight. In a sample of 14 of the bowling balls the sample standard deviation was found to be 0.52 pounds. Construct a 95% confidence interval for the variance of the bowling ball
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