Suppose a Population Has a Mean of 870 and a Variance

question 27

Multiple Choice

Suppose a population has a mean of 870 and a variance of 8,100.If a random sample is size 36 is drawn from the population, the probability that the sample mean is between 840 and 900 is ___.

• A)0.9544
• B)0.6826
• C)0.8185
• D)0.5899
• E)0.0897

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Definitions:

Small Favors

Minor acts of kindness or assistance that are offered or exchanged, often informally or without expectation of reciprocation.

Decentralized

Refers to the distribution of functions, powers, people, or things away from a central location or authority.

Decision Rights

The authority to make decisions on specific matters within an organization, often delineated by roles, responsibilities, or hierarchy.

Relevant Information

Relevant information consists of data and insights that are directly applicable and useful for making decisions or performing analyses in a specific context.