An Infinite Population Has a Mean of 33 and a Standard

question 11

Multiple Choice

An infinite population has a mean of 33 and a standard deviation of 6. A sample of 100 observations is to be taken at random from this population. The probability that the sample mean will be between 34.5 and 36.1 is:

• A)0.1543.
• B)0.0986.
• C)0.9938.
• D)0.0062.

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Definitions:

Discount Rate

The interest rate used to discount future cash flows to their present value, often used in investment appraisal and capital budgeting.

Wilderness Campgrounds

Designated camping areas within natural, undeveloped landscapes, often in national parks or forests, where people can camp with minimal facilities, emphasizing an experience close to nature.

Estimated Value

An appraisal of the worth of something, such as an asset or a company, based on available data but subject to adjustments as more information becomes available.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from a country's central bank's discount window; also the rate used to discount future cash flows in discounted cash flow analysis.