Given an Infinite Population with a Mean of 75 and a Standard

question 80

Multiple Choice

Given an infinite population with a mean of 75 and a standard deviation of 12,the probability that the mean of a sample of 36 observations,taken at random from this population,is less than 78 is:

• A)0.9332
• B)0.5987
• C)1.5000
• D)None of these choices.

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Definitions:

Product Concepts

The overall idea or understanding behind a product that is designed to meet the needs and wants of customers.

Viable

Capable of working successfully or feasibly, especially in the context of a new business or project.

Business Analysis

The practice of identifying business needs and determining solutions to business problems through analysis of data, processes, and systems.

Product Development

A marketing strategy that involves creating new goods and services for existing markets.