A Population Has a Mean of 100 and a Standard

question 42

Multiple Choice

A population has a mean of 100 and a standard deviation of 5. If samples of size N = 25 are randomly drawn from this population, then the standard error will be equal to.

• A)1.0
• B)5.0
• C)0.2
• D)0.5

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Definitions:

Imaginary Unit

A mathematical constant represented as i, which is the square root of -1.

Demand Equation

Represents the relationship between the quantity demanded of a good and its price, often used in economics to predict consumer behavior.

Units Demanded

The quantity of a particular good or service that consumers are willing and able to purchase at a given price.

Multiply

The operation of repeated addition of the same number.