Solve the Problem

question 35

Multiple Choice

Solve the problem. Round your answer to one decimal place, if necessary.
-The distribution of sample means for a group of test scores for samples of 100 scores is normal with a mean of 61.2 and a standard deviation of 1.7. Suppose you take a sample of 100 test scores and find that the mean is 59.3.
How many standard deviations is the sample mean from the mean of the distribution of sample means?

• A)1.9 standard deviation(s)below the mean
• B)1.1 standard deviation(s)below the mean
• C)11.2 standard deviation(s)below the mean
• D)1.1 standard deviation(s)above the mean

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Definitions:

Current Liabilities

Short-term financial obligations that are due within one year and are listed on a company's balance sheet.

Common-size Percent

A financial analysis tool that expresses each item in a financial statement as a percentage of a base amount, facilitating comparison across different periods or companies.

Total Assets

The sum of all resources owned by a company, valued in monetary terms, which include buildings, equipment, inventory, and cash.

Cash

A form of liquid asset that includes currency and other assets that are readily convertible to known amounts of cash and can be used to settle debts, purchases, or other transactions.