A Sample of Size 42 Will Be Drawn from a Population

question 36

Multiple Choice

A sample of size 42 will be drawn from a population with mean 34 and standard deviation 8. Find the probability that $\bar { x }$ will be greater than 36 .

• A) 0.0526
• B) 0.9474
• C) 0.0749
• D) 0.0351

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Definitions:

Zero Balance Account

A zero balance account is a type of bank account that maintains a balance of zero dollars by automatically transferring funds from a master account in the exact amount of transactions clearing the account.

Line of Credit

A flexible loan from a bank or financial institution, where a borrower can access funds up to a specified limit at any time.

Lockbox System

A service provided by banks to process payments quickly by allowing companies to have their customers send payments to a special post office box.