NARRBEGIN: Number of Fish Tanks
Number of Fish Tanks
the

question 151

Essay

NARRBEGIN: Number of Fish Tanks
Number of Fish Tanks
The following data give the number of fish tanks owned for a population of 4 families. $\begin{array} { | l | c c c c | } \hline \text { Family } & \text { A } & \text { B } & \text { C } & \text { D } \\\hline \text { Number af Fish Tanks Owned } & 2 & 1 & 4 & 3 \\\hline\end{array}$ NARREND
-{Number of Fish Tanks Narrative} Find the sampling distribution of $\bar { X }$ , and use it to calculate the mean and the standard deviation of $\bar { X }$ .

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Definitions:

Economic Impact

The effect of an event, policy, or program on the economy of a given area, ranging from a local community to the global economy.

Denominator Level

In cost accounting, it refers to the level of activity or volume that is used to calculate the fixed cost per unit during a specific period.

Volume Variance

Refers to the difference between the expected volume of production and the actual volume, affecting the budgeted production costs.

Standard Hours

The amount of time expected to complete a task or a project under normal conditions.