Determine If the Outcome Is Unusual $\mu - 2 \sigma$ Or Greater Than

question 42

Multiple Choice

Determine if the outcome is unusual. Consider as unusual any result that differs from the mean by more than 2 standard deviations. That is, unusual values are either less than $\mu - 2 \sigma$ or greater than $\mu + 2 \sigma$ .
-The Acme Candy Company claims that 60% of the jawbreakers it produces weigh more than .4 ounces. Suppose that 800 jawbreakers are selected at random from the production lines. Would it be unusual for this sample of 800 to contain 528 jawbreakers that weigh more than .4 ounces?

• A)No
• B)Yes

Analyze trade policies' effects on wide industry ranges, emphasizing self-sufficiency and national security.

Understand the concept of offshoring and its economic impacts.

Grasp the role and effects of international agreements such as NAFTA on trade and economic relations.

Comprehend the principles of comparative advantage and how they underpin trade between individuals and nations.

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Definitions:

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior and ensure justice and order in society.

Independent Contractors

Workers who provide services to a business under terms specified in a contract or agreement, without being considered employees of the business.

Principal

In finance, it refers to the original sum of money borrowed in a loan or invested, excluding any interest or dividends.

Liable

Subject to legal responsibility, often implying a requirement to compensate for damages or loss caused.