Examlex

Solved

Three Random Samples of Height Measures (In Inches) of 10

question 43

Multiple Choice

Three random samples of height measures (in inches) of 10 students each were taken from height measures of a class of 30 students. The height measure of the 30 students were found to follow a normal distribution. The mean of each sample was calculated and the values were found to be very close to each other. What type of reliability does this test refer to?


Definitions:

Price Mechanism

The system by which the forces of supply and demand determine the prices of goods and services and allocate resources in an economy.

Usury Laws

Regulations governing the amount of interest that can be charged on a loan, intended to prevent lenders from imposing excessively high interest rates.

Price Ceiling

A legal maximum price that can be charged for a good or service, typically set by government to protect consumers.

Price Floor

A government or regulatory imposed minimum price above the equilibrium price, preventing prices from dropping too low.

Related Questions