The Principal at John F

question 21

Essay

The principal at John F. Kennedy High School has been asked to provide the average number of classes taken by the students at KHS. Since the computer system is down, she takes her alphabetized list of students, randomly selects 50 students, determines the number of classes each of the 50 selected students is taking, and calculates . She then reports to the PTA "Since I took a large random sample, the population mean number of classes taken by the students at KHS is 5.4." Write a short paragraph to send to her that explains why her statement is not correct.

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Definitions:

Bonds' Market Value

The market value of bonds is the current market price at which these debt securities can be bought or sold, influenced by interest rates, credit ratings, and other factors.

Term Bond

A bond that has a fixed maturity date on which the principal is due to be paid back in full.

Face Value

The nominal value stated on a financial instrument, such as a bond or stock certificate.

Bond Price

The market price at which a bond is traded, reflecting its current value as determined by interest rates, the bond's credit quality, and other factors.