Example 2
- Author:
- Walch Education
- Topic:
- Means
In 2011, the average salary for a sample of NCAA Division 1A head football coaches was $1.5 million per year, with a standard deviation of $1.07 million. If there are 100 coaches in this sample, what is the standard error of the mean? What can you predict about the population mean based on the sample mean and its standard error?
- Identify the given information.
- Determine the standard error of the mean.