It Has Been Reported That the Average Time to Download

question 64

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 normally distributed with a standard deviation of .3 seconds. If random samples of 36 download times are selected, calculate the standard deviation of the sampling distribution of the sample mean.

• A) .3
• B) .15
• C) .9
• D) .05

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Definitions:

Price

The financial requirement for obtaining a service or good.

Supply Shifts

Movements of the supply curve to the left or right, indicating a change in the quantity supplied at a given price, caused by factors other than the price of the good itself.

Equilibrium Point

The market condition where demand for a product equals its supply, resulting in a stable price and quantity.

Soft Pretzels

A type of baked pastry made from dough that is commonly twisted into a knot shape and has a soft, chewy texture.