A Simple Random Sample of 43 Elements Has Been Selected

question 7

Multiple Choice

A simple random sample of 43 elements has been selected from a population of size 800. The sample mean is 600, and the sample standard deviation is 60. The population total is

• A) 36,000
• B) 25,800
• C) 480,000
• D) 500,000

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Definitions:

Premium Capital

Capital that is obtained or raised at a value above its nominal or face value, often reflecting the additional amount paid by investors over the par value of securities or shares.

Stated Value

The nominal value assigned to no-par stock by the issuing company's board of directors.

Working Capital

The difference between a company's current assets and current liabilities, indicating short-term financial health and operational efficiency.

No-par Stock

Stock issued without a par value specified in the corporate charter or on the stock certificate.