The Owner of a Fish Market Has an Assistant Who

question 87

Multiple Choice

The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed,with mean of 3.2 pounds and standard deviation of 0.8 pound.If a sample of 64 fish yields a mean of 3.4 pounds,what is probability of obtaining a sample mean this large or larger?

• A)0.0001
• B)0.0013
• C)0.0228
• D)0.4987

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Definitions:

Attrition

The gradual reduction in the number of employees through retirement, resignation, or death, not replaced by hiring new employees.

Early Retirement

The act of leaving one's professional career or occupation before the typical retirement age, often incentivized by employers.

Excess Labour

A situation where the number of workers available exceeds the number of jobs available, often leading to unemployment or underemployment.

Seniority

The concept of prioritizing employees for benefits, promotions, or layoffs based on their length of service or tenure with an organization.