The Owner of a Fish Market Has an Assistant Who

question 87

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 64 fish yields a mean of 3.4 pounds,what is probability of obtaining a sample mean this large or larger?

• A)0.0001
• B)0.0013
• C)0.0228
• D)0.4987

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Definitions:

Balance Sheet

A report detailing a company's assets, liabilities, and equity held by shareholders at a certain moment.

Spreadsheet

A digital tool that allows users to organize, calculate, and analyze data in tabular form, commonly used for financial analysis and planning.

Job-Order Costing

An accounting method that assigns costs to individual jobs or batches, typically used in manufacturing on a per-order basis.

Manufacturing Overhead

All the indirect costs associated with the production process, such as the costs of utilities, maintenance, and factory equipment.