A Carload of Steel Rods Has Arrived at Cybermatic Construction

question 99

Multiple Choice

A carload of steel rods has arrived at Cybermatic Construction Company.The car contains 50,000 rods.Claude Ong, Manager of Quality Assurance, directs his crew to measure the lengths of 100 randomly selected rods.If the population of rods has a mean length of 120 centimetres and a standard deviation of 0.05 centimetres, the probability that Claude's sample has a mean greater than 120.0125 centimetres is ___.

• A)0.0124
• B)0.0062
• C)0.4938
• D)0.9752
• E)1.0000

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Definitions:

IFRS

Stands for International Financial Reporting Standards, which are a set of accounting rules used by companies to maintain their financial statements globally, fostering transparency and comparability.

Direct Method

A cash flow statement preparation approach that separately lists major classes of gross cash receipts and payments.

Indirect Method

A method used in cash flow statements to adjust net income for changes in non-cash accounts to compute net cash from operating activities.

Prepaid Rent Expense

An advance payment for rent that is recorded as an asset until the period to which it relates passes.