Given an Infinite Population with a Mean of 75 and a Standard

question 80

Multiple Choice

Given an infinite population with a mean of 75 and a standard deviation of 12,the probability that the mean of a sample of 36 observations,taken at random from this population,is less than 78 is:

• A)0.9332
• B)0.5987
• C)1.5000
• D)None of these choices.

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Definitions:

Duty Of Care

An obligation to ensure the safety or well-being of others through a reasonable level of attention and caution.

Business Judgment Rule

A legal principle that protects company directors and officers from liability for decisions made in good faith and believed to be in the best interest of the company.

Indemnified

Protected against financial loss or compensated for loss or damage, often through insurance or indemnity clauses in contracts.

Litigation

The legal process of resolving disputes or claims between parties in court.