A Random Sample of Size 36 Is Taken from a Population

question 39

Multiple Choice

A random sample of size 36 is taken from a population with mean 50 and standard deviation 5. Find P( > 50.5) .

• A) .0002
• B) .7257
• C) .2743
• D) .1389

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Definitions:

Accounts Payable Period

This is the average number of days it takes for a business to pay its invoices from suppliers and vendors, indicating the efficiency of its payables management.

Letter Of Credit

A financial document issued by a bank guaranteeing a buyer's payment to a seller within a specified timeframe.

Written Statement

A document that records the details of a declaration or an agreement in writing.

Bank Payment

is a transaction where money is transferred from one bank account to another to fulfill a financial obligation.