If a population standard deviation is equal to 50, then the sampling distribution of the sample mean, 
, will have a standard deviation that is less than 50 for all samples of size n > 2.
Definitions:
Bertrand and Mullainathan
Scholars known for their contributions to the understanding of market mechanisms and behaviors, particularly in the context of labor economics and discrimination.
"White" Names
Typically refers to names that are perceived as common among individuals of European descent, often considered in studies exploring racial bias in hiring practices.
"Black" Names
Refers to names that are culturally, and sometimes stereotypically, associated with African American individuals, often discussed in the context of social and economic research.
Labor Demand
The total amount of labor that employers want to hire at a given wage rate and in a given time period.
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