​From a Population of Size 1,000, a Random Sample of 100

question 7

Multiple Choice

​From a population of size 1,000, a random sample of 100 items is selected. The mean of the sample

• A) ​must be 10 times smaller than the mean of the population.
• B) ​must be equal to the mean of the population, if the sample is truly random.
• C) ​must be 10 times larger than the mean of the population.
• D) ​can be larger, smaller or equal to the mean of the population.

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Definitions:

Construction

Construction refers to the process of building, assembling, or creating infrastructure, buildings, and other physical structures through planning, design, and execution.

GAAP

Generally Accepted Accounting Principles, which are a set of accounting standards and principles used in the United States.

Successful-Efforts Method

An accounting approach used in the oil and gas industry where costs are capitalized only if they lead to successful finding of new oil or gas reserves.

Drilling

The process of creating holes in the earth's surface in preparation for the exploration or extraction of resources, such as oil and gas.