If You Have a Population Standard Deviation of 9 and a Sample

question 75

Multiple Choice

If you have a population standard deviation of 9 and a sample size of 144, what is your standard error of the mean?

• A)7.5
• B)0.75
• C)12
• D)8

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Definitions:

Convexity

In economics and finance, convexity refers to the shape of the curve that demonstrates how the duration of a bond changes as the interest rate changes.

Production Function

An equation that specifies the output of a firm, an industry, or an entire economy for all combinations of inputs.

Input

Resources used in the production process to create goods or services, including labor, materials, and capital.

Returns To Scale

An economic concept describing how the increase in inputs affects the level of output of a production process.