A Population Has a Mean of 300 and a Standard

question 117

Multiple Choice

A population has a mean of 300 and a standard deviation of 18. A sample of 144 observations will be taken. The probability that the sample mean will be between 297 to 303 is

• A)0.4332
• B)0.8664
• C)0.9332
• D)0.0668

---

Definitions:

Net Sales

Revenue from sales transactions after deducting returns, allowances for damaged or missing goods, and discounts.

Working Capital Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets, indicating liquidity.

Current Liabilities

Short-term financial obligations due within one year or within a company's operating cycle, whichever is longer.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.