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

question 51

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, exceeds 78 is:

• A) 0.4332 .
• B) 0.0668 .
• C) 0.0987
• D)0.9013 .

---

Definitions:

Theory of Constraints

A management philosophy focusing on identifying and managing the most limiting factor (constraint) that stands in the way of achieving a goal.

Bottlenecks

Points of congestion in a production system where the workload arrives too quickly for the production process to handle, often leading to delays and lower efficiency.

Strategy

A plan of action designed to achieve a long-term or overall aim.

Total Cost Concept

An accounting approach that includes all costs - direct and indirect - associated with producing a good or service.