Random Samples of Size 36 Each Are Taken from a Large

question 36

Multiple Choice

Random samples of size 36 each are taken from a large population whose mean is 120 and standard deviation is 39. The mean and standard error of the sampling distribution of sample mean, respectively, are:

• A) 120 and 39
• B) 120 and 6.5
• C) 120 and 5.5
• D) 39 and 120
• E) 6.5 and 120

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Definitions:

Member-Managed

A management structure for an LLC where all members participate in the decision-making processes directly.

Limited Liability Company

is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Sole Proprietorship

A business structure owned by a single individual, where the owner and the business are legally considered the same.

LLC Statute

Rules and regulations governing Limited Liability Companies, outlining the formation, operation, and taxation specifics.