Provide an Appropriate Response

question 4

True/False

Provide an appropriate response.
-The mean height for a population is 65 inches and the standard deviation is 3 inches. Let A and B
denote the events described below.
Event A: The height of a randomly selected person is 5 inches or more from the population mean.
Event B: The mean height in a random sample of 16 people is 5 inches or more from the population
mean.
The probability of event A is greater than the probability of event B?

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Definitions:

Oligopoly

The market structure that exists when there are very few businesses selling a product.

Economic Depression

A severe and prolonged downturn in economic activity characterized by significant decline in GDP, high unemployment, and deflation.