Use the Following Information to Answer Questions (1) - (5)

question 38

Multiple Choice

Use the following information to answer questions (1) - (5) . Feature movie lengths (in hours) were measured for all movies shown in the past year in the U.S. The mean length of all feature length movies shown was 1.80 hours with a standard deviation of 0.15 hours. Suppose the length of a random sample of 20 movies was recorded from all movies released this year. The mean length of the feature length movies was found to be 1.72 hours with a standard
deviation of 0.18 hours.
-Suppose the process of taking random samples of size 20 is repeated 200 times and a histogram of the 200 sample means is created. The histogram would be a display of which of the following?

• A)population distribution
• B)distribution of a sample
• C)sampling distribution of means
• D)normal distribution

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Definitions:

Indirect Cost

Expenses not directly linked to the production of goods or services, such as administrative and marketing costs.

Bankruptcy

A legal proceeding for liquidating or reorganizing a business. Also, the transfer of some or all of a firm’s assets to its creditors.