Random Samples of Size 36 Are Taken from an Infinite

question 99

Multiple Choice

Random samples of size 36 are taken from an infinite population whose mean is 80 and standard deviation is 18.The standard error of the sample mean is:

• A)18
• B)15
• C)3
• D)2

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Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be executed in writing and signed by all parties to be enforceable.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature.

Collateral

Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower defaults.

Collateral

Property or assets pledged by a borrower to secure a loan, subject to seizure on default.