From a Population of Size 600, a Simple Random Sample

question 15

Multiple Choice

From a population of size 600, a simple random sample of size 60 is selected. The sample mean is 400, and the sample standard deviation is 50. An estimate of the standard error of the mean is

• A) 4.1
• B) 5.1
• C) 6.1
• D) 7.1

---

Definitions:

Contingent Liabilities

Possible obligations that arise from past events and whose existence and amount will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events.

Timing Difference

Timing difference refers to the difference that arises between taxable income and accounting income due to different recognition times of revenue and expenses.

Investment Revenue

Refers to the income earned from investing in assets like stocks, bonds, real estate, or other investment vehicles.

Equity Method

An accounting technique used for recording investments in which the investor has significant influence over the investee but does not control it outright.