In a Given Year,the Average Annual Salary of a NHL

question 31

Short Answer

In a given year,the average annual salary of a NHL hockey player was $205,000 with a standard deviation of $24,500.If a simple random sample of 50 players was taken,what is the probability that the sample mean will exceed $210,000?

---

Definitions:

Gratuitous Agent

An individual who acts on behalf of another without receiving any compensation or benefit, motivated by voluntary intent or relationship.

Duty of Loyalty

An obligation of an individual, such as a director of a company, to act in the best interests of the company or another person, without personal conflict.

Fiduciary

A person or organization that acts on behalf of another person or persons, putting their clients' interest ahead of their own, with a duty to preserve good faith and trust.

Fiduciary Obligation

A legal or ethical relationship of trust where one party, known as a fiduciary, acts in the best interests of another party, such as a trustee for a beneficiary.