A Simple Random Sample of 31 Observations Was Taken from a Large

question 12

Multiple Choice

A simple random sample of 31 observations was taken from a large population. The sample mean equals 5. Five is a

• A)population parameter.
• B)point estimate.
• C)population mean.
• D)standard error.

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Definitions:

Cash

Money in the form of coins or banknotes, especially that used to pay for goods or services.

Special Kind

A unique or particular type or category that stands out from others.

Draft

An instrument validating an order by a drawer to a drawee to pay a payee.

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the laws across the states.