Given an Infinite Population with a Mean of 75 and a Standard

question 80

Multiple Choice

Given an infinite population with a mean of 75 and a standard deviation of 12,the probability that the mean of a sample of 36 observations,taken at random from this population,is less than 78 is:

• A)0.9332
• B)0.5987
• C)1.5000
• D)None of these choices.

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Definitions:

Theory Of Constraints

A management philosophy focusing on identifying and addressing the most critical limitations that hinder achieving a goal, aiming for continuous improvement.

Goldratt And Cox

They are the authors of "The Goal," a book introducing the Theory of Constraints, a methodology for identifying and managing constraints to improve performance.

Straddles Demand

An approach that aims to meet demand efficiently by preparing for both overestimation and underestimation scenarios.