A Company Has Determined That the Mean Number of Days

question 25

Multiple Choice

A company has determined that the mean number of days it takes to collect on its accounts receivable is 36 with a standard deviation of 11 days. The company plans to select a random sample of n = 12 accounts and compute the sample mean. Which of the following statements holds true in this situation?

• A) There is no way to determine what the mean of the sampling distribution is without knowing the specific shape of the population.
• B) The sampling distribution will have the same distribution as the population, provided that the population is not normally distributed.
• C) The sampling error will be larger than if they had sampled n = 64 accounts.
• D) The sampling distribution may actually be approximately normally distributed depending on what the population distribution is.

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Definitions:

W.E.B. Du Bois

An influential African American sociologist, historian, and civil rights activist, one of the co-founders of the NAACP, known for his significant contributions to civil rights and his critique of racial discrimination.

Boarding Schools

Educational institutions where students live on campus during the academic year, historically used in efforts to assimilate Native American children into Euro-American culture.

Indoctrination into Whiteness

The process through which societal norms and institutions promote and normalize whiteness as the standard or ideal, often at the expense of other racial identities.

Atlanta Compromise

A speech delivered by Booker T. Washington in 1895 advocating for African American economic progress and education as a route to racial equality, while suggesting a temporary acceptance of segregation.