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:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income or loss.

Balance Sheet

A document detailing a firm's assets, liabilities, and owners' equity at a particular moment, offering an overview of its financial health.

Unearned Subscriptions

A liability account that represents payments received by a company for subscriptions that have not yet been earned because the service has not been provided.