If Random Variable X Is Distributed According to a Uniform

question 94

Multiple Choice

If random variable X is distributed according to a uniform distribution between 0 and 1 (X ~ U[0, 1]) , and 100 random samples of sizes 35-40 were taken, the standard deviation of the sample means would be ______.

• A)undetermined; there is not enough information to answer
• B)between 0.0142 and 0.0151
• C)between 0.0456 and 0.0488
• D)between 0.0122 and 0.0131
• E)between 0.0466 and 0.0498

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Definitions:

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar terms to assess real growth.

Nominal GDP

The market value of all finished goods and services produced within a country in a year, measured in current prices.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in real terms.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to real GDP.