The Owner of a Fish Market Has an Assistant Who

question 114

Multiple Choice

The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed,with mean of 3.2 pounds and standard deviation of 0.8 pound.If a sample of 25 fish yields a mean of 3.6 pounds,what is the Z-score for this observation?

• A)18.750
• B)2.500
• C)1.875
• D)0.750

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Definitions:

Mexican Government

The federal constitutional republic of Mexico, which is governed by a president and a bicameral legislature.

Fixed Exchange-Rate System

An exchange rate regime where a country's currency value is pegged to another currency, a basket of currencies, or a commodity like gold.

Local Currency

The currency that is legally accepted within a country and typically used for all financial transactions within that geographical boundary.

Flexible Exchange Rates

A system where the value of a currency is determined by the foreign exchange market, depending on the supply and demand for that currency.