Random Samples of Size 17 Are Taken from a Population

question 23

Multiple Choice

Random samples of size 17 are taken from a population that has 200 elements, a mean of 36, and a standard deviation of 8. The mean and the standard deviation of the sampling distribution of the sample means are

• A) 8.7 and 1.94.
• B) 36 and 1.94.
• C) 36 and 1.86.
• D) 36 and 8.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, representing wear and tear or obsolescence.

Units-of-Production

A method of depreciation that allocates expenses based on the number of units a fixed asset produces, linking the expense directly to the asset's usage.