The Diameter of Small Nerf Balls Manufactured Overseas Is Expected

question 20

Multiple Choice

The diameter of small Nerf balls manufactured overseas is expected to be approximately normally distributed with a mean of 5.2 inches and a standard deviation of .08 inches. Suppose a random sample of 20 balls is selected. Calculate the standard deviation of the sampling distribution of the sample mean.

• A) 5.2
• B) .018
• C) .08
• D) .063

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Definitions:

Capital Surplus

The amount by which a company's total capital exceeds the par value of its issued share capital.

Paid-in Capital

Funds raised by a company through the sale of common or preferred stock.

Preferred Stock

A type of stock that provides a fixed dividend before any dividends are paid to common stockholders and typically has no voting rights.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits through dividends.