It Has Been Reported That the Average Time to Download

question 92

Multiple Choice

It has been reported that the average time to download the home page from a government website was .9 seconds. Suppose that the download times were with a standard deviation of .3 seconds. If random samples of 23 download times are selected, describe the shape of the sampling distribution and how it was determined.

• A) normal; size of sample meets the Central Limit Theorem requirement
• B) normal; the original population is normal
• C) skewed; the original population is not a normal distribution
• D) cannot be determined with the information that is given

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Definitions:

Accounting Policies

The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements.

Purchasing Power Parity

A theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.

Exchange Rate

The price of one country's currency in terms of another currency, determining how much foreign currency can be exchanged for a unit of domestic currency.