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 no more than 3.0 million.
A) 0.0151 B) 0.9849 C) approximately 1 D) approximately 0
Q. 2Major 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 exceeded 4.0 million.
A) approximately 1 B) approximately 0 C) 0.9772 D) 0.0228
Q. 3The expected return of the sum of two investments will be equal to the sum of the expected returns of the two investments plus twice the covariance between the investments.
Indicate whether the statement is true or false
Q. 4Major 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 exceeded 3.5 million.
A) 0.0228 B) 0.9772 C) approximately 0 D) approximately 1
Q. 5If the covariance between two investments is zero, the variance of the sum of the two investments will be equal to the sum of the variances of the investments.
Indicate whether the statement is true or false
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