Suppose the Population of All Public Universities Shows the Annual

question 59

Multiple Choice

Suppose the population of all public Universities shows the annual parking fee per student is normally distributed with a mean of $110 with a standard deviation of $18.If a random sample of size 49 is drawn from the population, the probability of drawing a sample with a sample mean between $100 and $115 is _______.

• A)0.9738
• B)0.4738
• C)0.0262
• D)0.6103
• E)0.1103

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Definitions:

Common Stock

Common Stock represents ownership in a corporation, giving shareholders voting rights and a share in the company's profits via dividends.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock and often pays dividends at a fixed rate.

Bondholders

Individuals or entities that hold debt securities issued by governments or corporations, entitling them to receive a fixed or variable interest payments and the return of the principal upon maturity.

Disposable Income

Post-tax financial resources available for household spending and savings.