The Sampling Distribution of the Sample Mean Is Shown Below

question 25

Multiple Choice

The sampling distribution of the sample mean is shown below. $$\begin{array} { c | c c c c c } \overline { \mathrm { x } } & 4 & 5 & 6 & 7 & 8 \\\hline \mathrm { p } ( \overline { \mathrm { x } } ) & 1 / 9 & 2 / 9 & 3 / 9 & 2 / 9 & 1 / 9\end{array}$$ Find the expected value of the sampling distribution of the sample mean.

• A) 4
• B) 5
• C) 6
• D) 7

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Definitions:

Interest Note

A promissory note that includes terms for interest payments in addition to the principal amount loaned.

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond.

Promissory Note

A financial instrument comprising a written promise by one party to pay a certain amount of money to another party at a specified time or on demand.

Dishonored

A term typically used in banking and finance to refer to a payment instrument, such as a check or promissory note, that has been refused or rejected by the payer's bank due to insufficient funds or other reasons.