A Simple Random Sample of 36 Observations Was Taken from a Large

question 78

Multiple Choice

A simple random sample of 36 observations was taken from a large population. The sample mean and the standard deviation were determined to be 360 and 120 respectively. The standard error of the mean is

• A) 3.33.
• B) 3.
• C) 10.
• D) 20.

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Definitions:

Diffusion Of Innovation

A theory that seeks to explain how, why, and at what rate new ideas and technology spread through cultures.

Late Majority

A group of adopters who are slower than the average participant to embrace new ideas, technologies, or products.

Innovators

Individuals or organizations that introduce new ideas, products, or methods into the market.

Early Majority

A group of consumers who adopt new products or innovations shortly after the early adopters have done so, contributing to wider acceptance and popularity.