A Sample Is Selected from a Normal Population with μ

question 84

Multiple Choice

A sample is selected from a normal population with μ = 50 and σ = 12.Which of the following samples would be considered extreme and unrepresentative for this population?

• A)M = 53 and n = 16
• B)M = 53 and n = 4
• C)M = 56 and n = 16
• D)M = 56 and n = 4

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Definitions:

Industry

An industry is a group of companies that operate in a specific sector of the economy, often producing similar goods or services.

Cartel

An agreement among several producers to obey output restrictions in order to increase their joint profits.

Marginal Cost

The cost incurred from producing one additional unit of a product or service.

Output

The amount of goods or services produced by a business, industry, or economy.