A Certain Population Is Bimodal

question 24

Multiple Choice

A certain population is bimodal. We want to estimate its mean, so we will collect a sample. Which
Should be true if we use a large sample rather than a small one?
I. The distribution of our sample data will be more clearly bimodal.
II. The sampling distribution of the sample means will be approximately normal.
III. The variability of the sample means will be smaller.

• A) I, II, and III
• B) III only
• C) II and III
• D) I only
• E) II only

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Definitions:

Net Sales

Net sales is the amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

Stock Turn Rate

A measure of how quickly inventory is sold and replaced over a given period, indicating the efficiency of inventory management.

Markup

An additional amount incorporated into the buying price of products to compensate for running expenses and gain profit.

Selling Price

The amount of money for which a product or service is sold to the buyer.