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In a given year, the average annual salary of an Rugby player was $205 000, with a standard deviation of $24 500. If a simple random sample of 50 players is taken, what is the probability that the sample mean will be less than $210 000?
Sampling Without Replacement
A method of sampling where once an individual is selected, they are not placed back into the population for the possibility of a second selection.
Hypergeometric Distribution
A probability distribution used to calculate probabilities for drawing successes without replacement from a finite population.
Binomial Distribution
A probability distribution that summarizes the number of successes in a fixed number of binary experiments.
Poisson Distribution
A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming that these events occur with a known constant rate and independently of the time since the last event.
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