Solve the Problem. -In a Certain Population, Body Weights Are Normally Distributed with Normally

question 50

Multiple Choice

Solve the problem.
-In a certain population, body weights are normally distributed with a mean of 152 pounds and a standard deviation of 26 pounds. How many people must be surveyed if we want to estimate the percentage who weigh
More than 180 pounds? Assume that we want 96% confidence that the error is no more than 4 percentage points.

• A) 317
• B) 501
• C) 232
• D) 658

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Definitions:

Par of Common Stock

The stated face value of a common stock as specified in the corporate charter, which has little relation to the stock’s market value.

Par Value

Par value is the nominal or face value of a stock or bond as stated by the issuing company, which might not reflect its market value.

Financial Condition

Refers to the current state of a company's financial health and stability, often assessed through its assets, liabilities, revenue, and expenses.

Corporate Charter

A legal document that establishes a corporation's existence and outlines its rights, privileges, and limitations as granted by the state of incorporation.