A Normally Shaped Distribution Has a μ = 36 and a σ_M

question 39

Multiple Choice

A normally shaped distribution has a μ = 36 and a σ_M = 2. The probability that a randomly drawn sample of n = 25 will have a mean of 38 or above is _________.

• A) .0228
• B) .9772
• C) .1587
• D) .8413

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Definitions:

Transaction Explanation

A description or rationale provided for each transaction within an accounting system, aiding in understanding and verifying the nature of the transaction.

Income Statement

Also known as profit and loss statement, it details a company’s financial performance, including sales, expenses, and profits over a period.

Owner's Equity Statement

An owner's equity statement is a financial document that shows changes in the equity of a company's owners over a period.

Owner's Capital

The amount of equity a business owner has in the company, representing their investment plus any retained earnings or losses.