The Owner of a Fish Market Has an Assistant Who

question 20

Multiple Choice

The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed, with mean of 3.2 pounds and standard deviation of 0.8 pound. If a sample of 16 fish is taken, what would the standard error of the mean weight equal?

• A) 0.050
• B) 0.800
• C) 0.003
• D) 0.200

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Definitions:

Tax Advantages

Financial strategies or conditions that reduce the amount of tax payable to the government.

Incorporation

The process of legally declaring a corporate entity as separate from its owners, providing limited liability and other benefits.

Shareholders

Individuals or entities that own shares in a company, giving them ownership stakes and possibly the right to vote on corporate matters.

Security Agreement

A contract that grants a lender a security interest in specified assets of the borrower, serving as collateral for a loan.