A Sample of N = 16 Scores Is Selected from a Population

question 33

Multiple Choice

A sample of n = 16 scores is selected from a population with μ = 100 and σ = 32.If the sample mean is M = 104,what is the z-score for this sample mean?​

• A)​2.00
• B)​1.00
• C)​0.50
• D)​0.25

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Definitions:

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.

Nominal Wage Rate

The wage rate paid to employees expressed in current dollars, without adjustment for inflation or purchasing power.

Real Wage Rate

The purchasing power of wages, adjusted for inflation, indicating the actual goods and services that can be bought.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, like labor or capital.