A Sample of N = 36 Individuals Is Drawn at Random

question 43

Multiple Choice

A sample of n = 36 individuals is drawn at random from a population that has a μ = 105 and a σ = 18. The probability is .0500 that the mean of the sample will be below what value?

• A) 75.3
• B) 134.7
• C) 109.95
• D) 100.05

---

Definitions:

Notes Receivable

Formal promises in writing that obligate the signer to pay the holder a specified sum of money either on demand or at a future date.

Accounts Receivable

Funds that customers owe to a business for products or services that have been provided but remain unpaid.

Journal Entry

A written record in accounting that documents a business transaction in the ledger.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or completion.