The Owner of a Fish Market Has an Assistant Who

question 152

Multiple Choice

The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed, with mean of 3.2 pounds and standard deviation of 0.8 pound. If a sample of
64 fish yields a mean of 3.4 pounds, what is probability of obtaining a sample mean this large or
Larger?

• A) 0.0001
• B) 0.0013
• C) 0.0228
• D) 0.4987

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Definitions:

Social Audit

A review and assessment of a company's business practices related to social responsibility, ethics, and impact on society.

Social Issues

Problems that influence a considerable number of individuals within a society and are often the subject of public policy debate.

Company Activities

Company activities refer to the various actions taken by a business in pursuit of its strategic objectives, including operations, marketing, and product development.

Ethical Climate

The moral atmosphere of the working environment, influenced by the organization's ethics, values, and the behavior of its members.