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(A) Find the Mean and Standard Deviation of the Sampling

question 2

Essay

(A) Find the mean and standard deviation of the sampling distribution of the average weekly earnings in the sample.
(B) Find probability that the mean of the sample is less than $445.
(C) Find the probability that the mean of the sample is between $445 and $455.
(D) Find the probability that the mean of the sample is greater than $460.
(E) Explain why the assumption of normality about the distribution of the average weekly earnings for employees was not involved in the answers to (A) through (D).


Definitions:

Interference with Contractual Relations

Interference with Contractual Relations involves intentionally causing a party to a contract to fail to fulfill their obligations, harming the contractual relationship.

Plaintiff

The party who initiates a lawsuit in civil court against a defendant to seek remedy or damages.

Benefit of Performance

The advantage or gain promised to one party in a contract upon the fulfillment or performance of the conditions specified by the agreement.

Injurious Falsehood

The act of making untrue statements about a person or entity, causing harm to reputation or business.

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