Find the Requested Probability

question 9

Multiple Choice

Find the requested probability.
-The test scores of 5 students are under consideration. The following is the dotplot for the sampling distribution of the sample mean for samples of size 2. Find the probability, expressed as a percent, that the sample mean will be within 3 points of the
Population mean.

• A)50%
• B)60%
• C)70%
• D)40%

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Definitions:

Budgeted Cash Receipts

Projected cash inflows for a future period, based on sales forecasts and other receipts.

Budgeted Cash Disbursements

An estimate of all cash payments that a business plans to make over a specific period, including operating expenses, purchase of assets, and other payouts.

Variable Selling Expense

includes costs that vary directly with sales volume, such as commissions, shipping charges, and promotional expenses.

Direct Labor Wage Rate

The amount paid per hour or per unit of production to employees who directly manufacture or assemble products.