Find the Indicated Probability or Percentage for the Sampling Error

question 27

Multiple Choice

Find the indicated probability or percentage for the sampling error.
-The monthly expenditures on food by single adults in one city are normally distributed with a mean of $410 and a standard deviation of $70. What is the probability that the sampling error made
In estimating the mean monthly expenditure of all single adults in that city by the mean of a
Random sample of 90 such adults will be at most $10?

• A)0.9131
• B)0.9990
• C)0.1114
• D)0.8262

Learn the significance of embracing and managing diversity for strategic business decisions.

Understand how diversity influences group dynamics and team collaboration.

Identify steps for improving intercultural communication.

Understand the fundamentals of intercultural communication.

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Definitions:

Humanism

A philosophical stance that emphasizes the value and agency of human beings, individually and collectively, and generally prefers critical thinking and evidence over established doctrine or faith.

Potential for Good

The inherent capability or possibility within individuals or situations to bring about positive outcomes or benefits.

Innate

Describes characteristics or abilities that are present in an organism from birth, not acquired or learned through experience.

Empirical Method

A way of gaining knowledge through direct and indirect observation or experience.