Random Samples of Size 17 Are Taken from a Population

question 76

Multiple Choice

Random samples of size 17 are taken from a population that has 200 elements, a mean of 36, and a standard deviation of 8. Which of the following best describes the form of the sampling distribution of the sample mean for this situation?

• A)approximately normal because the sample size is small relative to the population size
• B)approximately normal because of the central limit theorem
• C)exactly normal
• D)None of these alternatives is correct.

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Definitions:

Incentive System

An incentive system is a business tool that uses rewards and penalties to motivate employees to achieve specific objectives and improve performance.

Employment Stability

The assurance of consistent work and income for employees, contributing to job satisfaction and loyalty.

Follow Demand

Adapting production and inventory levels to meet current demand trends to minimize surplus and shortages.

Keep Demand

Strategies or practices employed to maintain or increase the desire for products or services among consumers or clients.