A Population Has a Standard Deviation of 16

question 80

Multiple Choice

A population has a standard deviation of 16. If a sample of size 64 is selected from this population, what is the probability that the sample mean will be within ±2 of the population mean?

• A) 0.6826
• B) 0.3413
• C) -0.6826
• D) Since the mean is not given, there is no answer to this question.

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Definitions:

Separate Legal Entity

An entity that is legally distinct from its owners or members, capable of having its own rights, duties, and obligations.

Business Organization

An entity formed for the purpose of carrying on commercial enterprise, including corporations, partnerships, and sole proprietorships.

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Sole Proprietorship

A business model in which a sole individual is the owner, manager, and bears the entire responsibility for the business’s liabilities and operations.