A Carload of Steel Rods Has Arrived at Cybermatic Construction

question 79

Multiple Choice

A carload of steel rods has arrived at Cybermatic Construction Company.The car contains 50,000 rods.Claude Ong, Manager of Quality Assurance, directs his crew to measure the lengths of 100 randomly selected rods.If the population of rods has a mean length of 120 inches and a standard deviation of 0.05 inch, the probability that Claude's sample has a mean greater than 120.0125 inches is _____________.

• A)0.0124
• B)0.0062
• C)0.4938
• D)0.9752
• E)1.0000

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Definitions:

Swap Contract

A financial agreement where two parties exchange liabilities or cash flows from two different financial instruments for a set period.

Forward Contracts

Customized contracts between two parties to buy or sell an asset at a specified price on a future date.

Stock Brokers

Professionals or firms that execute buy and sell orders for stocks and other securities on behalf of their clients, in exchange for a fee or commission.

Swap Transactions

Financial agreements between two parties to exchange cash flows or other financial instruments over a specified period.