TABLE 7-1 Times Spent Studying by Students in the Week Before Final

question 36

Short Answer

TABLE 7-1
Times spent studying by students in the week before final exams follow a normal distribution with standard deviation 8 hours. A random sample of 4 students was taken from a population of 50 in order to estimate the mean study time for the population of all students. Use the finite population correction.
-Referring to Table 7-1, what is the probability that the sample mean differs from the population mean by less than 2 hours?

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Definitions:

Total Current Assets

The sum of all assets of a company expected to be converted into cash within one financial year.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.

Current Liabilities

Financial obligations a company owes and is due to pay within a year.

Total Current Assets

The sum of all assets expected to be converted into cash within one year.