If Random Samples,each with N = 9 Scores,are Selected from a Normal

question 60

Multiple Choice

If random samples,each with n = 9 scores,are selected from a normal population with µ = 80 and σ = 36,what is the expected value for the distribution of sample means?

• A)4
• B)12
• C)16
• D)80

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Definitions:

Concentration Banking

Employing one bank to manage the balances in remote accounts. Balances are generally swept into the concentration bank daily.

Wire Transfers

Electronic transfers of funds across a network administered by banks or transfer service agencies globally.

Average Collection Period

The average number of days it takes a company to collect payments from its credit sales.

Credit Sale

A transaction where the payment for the purchased goods or services is deferred to a future date.