Math Problem Statement
The population mean annual salary for plumbers, is $46,700. A random sample of 42 plumbers is drawn from this population. What is the probability that the mean salary of the sample is less than $44,000? Assume σ = $5600.
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Normal Distribution
Sampling Distribution
Z-score
Formulas
Standard Error of the Mean (SEM) = σ / √n
Z-score = (x̄ - μ) / SEM
Theorems
Central Limit Theorem
Suitable Grade Level
Undergraduate Statistics
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