Suppose in the previous question the analyst had randomly, Management Theories

Suppose in the previous question the analyst had randomly

Question: Suppose in the previous question the analyst had randomly chosen 12 CEO compensations for 2006.

a. Is it necessary to apply the finite population correction factor? Explain.

b. Is the sampling distribution of the sample mean normally distributed? Explain.

c. Calculate the expected value and the standard deviation of the sample mean.

d. Can you use the normal approximation to calculate the probability that the sample mean is more than $12 million? Explain.

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Management Theories: Suppose in the previous question the analyst had randomly

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Management Theories: Suppose in the previous question the analyst had randomly

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