Salary of a travel management professional. According to the most recent Global Business Travel Association (GBTA) survey, the average base salary of a U.S. travel management professional is $94,000. Assume that the standard deviation of such salaries is $30,000. Consider a random sample of 50 travel management professionals and let x represent the mean salary for the sample. a. What is ur? b. What is o? c. Describe the shape of the sampling distribution of x. d. Find the z-score for the value x = 86,660. e. Find P(x > 86,660).

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Salary of a travel management professional. According
to the most recent Global Business Travel Association
(GBTA) survey, the average base salary of a U.S. travel
management professional is $94,000. Assume that the
standard deviation of such salaries is $30,000. Consider a
random sample of 50 travel management professionals and
let x represent the mean salary for the sample.
a. What is ur?
b. What is o?
c. Describe the shape of the sampling distribution of x.
d. Find the z-score for the value x = 86,660.
e. Find P(x > 86,660).
Transcribed Image Text:Salary of a travel management professional. According to the most recent Global Business Travel Association (GBTA) survey, the average base salary of a U.S. travel management professional is $94,000. Assume that the standard deviation of such salaries is $30,000. Consider a random sample of 50 travel management professionals and let x represent the mean salary for the sample. a. What is ur? b. What is o? c. Describe the shape of the sampling distribution of x. d. Find the z-score for the value x = 86,660. e. Find P(x > 86,660).
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