A Sample of Size Sixteen Is Randomly Selected from a Population

question 56

Multiple Choice

A sample of size sixteen is randomly selected from a population of size 90.Determine the standard error of the mean if the population standard deviation equals 20.

• A)2.11
• B)4.16
• C)4.56
• D)5.00

---

Definitions:

Convenience

The quality of being suitable or practical with minimal difficulty or effort; often an important factor in consumer decision-making.

Retail Partner

A business entity that sells products directly to consumers, often collaborating with manufacturers or wholesalers in a supply chain.

Selective Distribution

Lies between the intensive and exclusive distribution strategies; uses a few selected customers in a territory.

Retail Customers

Individuals who purchase goods or services for personal use from retail stores, as opposed to buying for business or resale purposes.