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{"ops":[{"insert":"A top graduate business school is interested in the starting salaries of their MBA graduates. A survey consisting of all the graduates from previous year was done and the results displayed in the table below:\n  \u00a0\n                  n           Mean                     Median                   Std. Dev.          Std. Error  MBA\u2019s     175         11,500                     8,700                      ***                       144\n  \u00a0\n(a)\u00a0\u00a0Determine the value of  \u2018***\u2019?\u00a0\u00a0\n(b)\u00a0\u00a0Explain what is meant by Sampling Distribution of the Mean in the context of MBA graduates\u2019 starting salaries?\n(c)\u00a0\u00a0What type of distribution will the Sampling Distribution of the Mean for MBA graduates\u2019 starting salaries follow? Give reasons for your answer.\u00a0\n(d)\u00a0\u00a0What are the available point estimator and estimate of the population mean starting salary? \u00a0\u00a0\u00a0\n(e)\u00a0\u00a0Which of these estimators in \u2018Part (c)\u2019 above is unbiased? Give reasons for your answer?\u00a0\u00a0\u00a0\n\n"}]}

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