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:

Pre-Offer Strategy

A plan devised prior to making an offer, typically in negotiation or bidding contexts, to maximize successful outcomes.

Tender Offer

A public proposal made by a person or company to shareholders to buy shares of a corporation, typically at a premium over the market price.

Stock Acquisition

The purchase of enough of the voting stock of a corporation to allow the buyer to control the corporation. Also called takeover.

Merger

The combination of two or more companies into one, where one corporation is completely absorbed by another corporation.