If the Amount of Gasoline Purchased Per Car at a Large

question 59

True/False

If the amount of gasoline purchased per car at a large service station has a population mean of 15 gallons and a population standard deviation of 4 gallons and a random sample of 4 cars is selected,there is approximately a 68.26% chance that the sample mean will be between 13 and 17 gallons.

---

Definitions:

Target Cash Balance

An optimal amount of cash that a company aims to hold to satisfy its operational and transactional requirements while minimizing holding costs.

Uncertainty

Refers to the degree of unpredictability or the lack of certainty about the future, often affecting decision-making in finance and economics.

Random Fluctuations

Unpredictable changes or variations that can affect statistical data and outcomes.

Cash Flows

The generation and use of cash by a business during a defined period of time, instrumental for assessing the company's liquidity, solvency, and financial flexibility.