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