Use Technology to Solve the Following Problem: a Sample of Size

question 112

Multiple Choice

Use technology to solve the following problem: A sample of size 51 will be drawn from a population with mean 11 and standard deviation 7. Find the probability that $\bar { x }$ will be less than 12.

• A) 0.8106
• B) 0.8462
• C) 0.8390
• D) 0.1538

---

Definitions:

Bargain Purchase

An acquisition where the purchase price is significantly lower than the fair market value of the acquired assets.

Net Book Value

The value of an asset after accounting for depreciation or amortization, as displayed on a company’s balance sheet.

Fair Market Value

The price that an asset would sell for on the open market between a willing buyer and seller.

Proportionate Consolidation Method

An accounting technique where an investor reports its share of an investee's assets, liabilities, income, and expenses in proportion to its ownership percentage, without consolidating the financial statements.