The Dean of Admissions in a Large University Has Determined

question 56

Multiple Choice

The dean of admissions in a large university has determined that the scores of the freshman class in a mathematics test are normally distributed with a mean of 82 and a standard deviation of 8. Based on this information, what is the mean of the sampling distribution of the sample mean if a sample of 64 students is selected at random from the entire freshman class?

• A) between 74 and 90
• B) between 78 and 86
• C) 64
• D) 70
• E) 82

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Definitions:

Intangible Asset

An asset that lacks physical substance, such as intellectual property, brand recognition, and trademarks.

Uncertainty

A situation where the outcome, extent, or implications of an event or condition are unknown or unpredictable.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to obtain the present value.

Purchased Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets at the acquisition date.