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:

Dividends

Dividends are a portion of a company's earnings that are distributed to shareholders as a reward for their investment in the company.

Net Income

The total earnings of a company after deducting all expenses, taxes, and losses, representing the profit for the period.

Income Statement

A financial document detailing a company's revenue, expenses, and profit over a specific period.

Expenses

The costs incurred in the operation of a business or the execution of a specific project.