Major League Baseball Salaries Averaged $3

question 38

Multiple Choice

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. What was the standard error for the sample mean salary?

• A) $0.012 million
• B) $0.12 million
• C) $12 million
• D) $1,200.0 million

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