A Population Has a Mean of 180 and a Standard

question 29

Multiple Choice

A population has a mean of 180 and a standard deviation of 36. A sample of 84 observations will be taken. The probability that the sample mean will be between 181 and 185 is

• A) 0.2980.
• B) 0.7020.
• C) 0.2989.
• D) 0.7011.

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Definitions:

Satisfaction

The fulfillment of one's wishes, expectations, or needs, or the pleasure derived from this fulfillment.

Consumer

A person or collective who buys products or services for their own consumption.

Diminishing Marginal Utility

The principle that as a person consumes more of a product, there is a decline in the additional satisfaction or utility that person derives from consuming one more unit of the product.

Total Utility

The total satisfaction received by a consumer from consuming a particular quantity of goods or services.