Based on Historical Data,the Diameter of a Ball Bearing Is

question 61

Multiple Choice

Based on historical data,the diameter of a ball bearing is normally distributed with a mean of 0.527 cm and a standard deviation of 0.008 cm.Suppose that a sample of 18 ball bearings is randomly selected from a very large lot.Determine the probability that the average diameter of a sampled ball bearing is greater than 0.530 cm.

• A)0.2324
• B)0.4938
• C)0.5062
• D)0.0559

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Definitions:

Accounting Cycle

The process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements.

Ledger

A comprehensive collection of a company's financial accounts.

Trial Balance

A Trial Balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that total debits equal total credits.

Financial Statements

Reports that show the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.