An Extract from Bridget's Cash Budget Is Given Below

question 2

Multiple Choice

An extract from Bridget's Cash Budget is given below:
What is the expected bank overdraft at the end of June?

• A) £5,000.
• B) £4,000.
• C) £1,000.
• D) £9,000.

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Definitions:

Sampling Distribution

The likelihood distribution associated with a statistic derived from a random sample.

Standard Deviation

A gauge of how much the values in a collection scatter around the mean, reflecting the range of variation.

Sampling Distribution

The probabilistic distribution specific to a statistic, based on randomly collected data.

Sampling Distribution

A statistical distribution that represents the frequency of various outcomes in a set of samples drawn from a larger population.