If All the Possible Random Samples with N = 36

question 56

Multiple Choice

If all the possible random samples with n = 36 scores are selected from a normal population with µ = 80 and σ = 18, and the mean is calculated for each sample, then what is the average of all the sample means?

• A)2
• B)6
• C)80
• D)cannot be determined without additional information

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuer, which does not necessarily reflect its market value.

Redemption Value

The amount that an investment instrument, such as a bond, is worth at its maturity or when it is redeemed.

Stated Value

Arbitrary value placed by the board of directors on each share of no-par stock to fulfill legal capital requirements.

Total Assets

The sum of all assets, both current and noncurrent, owned by a company, representing the resources it has at its disposal.