The MBA Program at Dover College Has an Enrollment of 160

question 64

Multiple Choice

The MBA program at Dover College has an enrollment of 160 students with an average age of 34.7 years old and a standard deviation 5.2 years. A random sample of 40 MBA students was selected. What is the probability that the average age of the sample is less than 34 years old?

• A)0.3300
• B)0.1635
• C)0.2946
• D)0.4443

---

Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which the lender can seize if the borrower defaults on the repayment.

Perfection

In legal and financial contexts, the process of securing an interest in property to achieve priority over third parties in relation to the property.

Secured Interest

A property interest created by agreement or by law over assets to secure the performance of an obligation, usually the payment of a debt.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreed terms.