The Owner of a Meat Market Has an Assistant Who

question 122

Multiple Choice

The owner of a meat market has an assistant who has determined that the weights of roasts are normally distributed,with a mean of 3.2 pounds and standard deviation of 0.8 pounds.If a sample of 25 roasts yields a mean of 3.6 pounds,what is the Z-score for this sample mean?

• A) -2.50
• B) 2.50
• C) -0.50
• D) None of these choices.

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Definitions:

Quarterly Payments

Payments that are made four times a year, often on a financial obligation like a loan or lease.

Withdraw

Withdrawing money from a bank account or an investment.

Monthly Compounded

Interest that is calculated on the principal and previously earned interest once every month.

Nominal Rate

The advertised or stated rate of interest, not including the effects of inflation or compounding.