According to the Central Limit Theorem, If a Sample of Size

question 98

Multiple Choice

According to the central limit theorem, if a sample of size 64 is drawn from a population with a mean of 56, the mean of all sample means would equal ___.

• A)7.00
• B)56.00
• C)64.00
• D)0.875
• E)128.00

---

Definitions:

Behavioral Economists

Behavioral economists study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Ethical Factors

Considerations related to morality, values, and principles that influence decision-making processes in business and other areas.

Economic Behavior

The study of how individuals, groups, and organizations make choices to allocate resources, including how they trade and make decisions under scarcity.

Ultimatum Game

A game in economic experiments where one player offers how to divide a sum of money with another player who can either accept or reject the offer.