According to Experian, the Average FICO Credit Score for Residents

question 65

Multiple Choice

According to Experian, the average FICO credit score for residents of El Paso, Texas, is 710. Suppose the standard deviation for this population is 46.1. A random sample of 60 El Paso residents has been selected. The standard error of the mean for this sample is __________.

• A)1.96
• B)8.44
• C)3.28
• D)5.95

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Definitions:

Balance Sheet

An accounting statement that captures the financial standing of a corporation by itemizing assets, obligations, and shareholders' capital at a certain time.

Available-For-Sale Debt Investments

Debt securities not classified as held-to-maturity or trading securities, carried at fair value, with unrealized gains or losses reported in other comprehensive income.

Trading Debt Investments

Debt securities bought and sold with the intention of profiting from short-term price fluctuations, recorded as current assets.

Unrealized Holding Gain/Loss

Gains or losses on investments that have not yet been sold, and thus the gain or loss has not been "realized."