A Continuous Random Variable X Has a Right-Skewed Distribution with a Mean

question 46

Multiple Choice

A continuous random variable x has a right-skewed distribution with a mean of 80 and a standard deviation of 12.The sampling distribution of the sample mean for a sample of 50 elements taken from this population is:

• A)approximately normal
• B)not normal
• C)skewed to the right
• D)skewed to the left

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Definitions:

Owner's Equity

This financial term represents the owner’s interest in the assets of a business, calculated as the difference between the business assets and its liabilities.

Net Margin

A profitability ratio calculated as net income divided by revenue, indicating the percentage of each dollar of revenue that results in net profit.

Inventory Turnover

A measure of how often a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Cycle Times

The total time from the beginning to the end of a process, procedure, or activity, often used as a measure of efficiency in manufacturing and project management.