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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Given a population with mean μ=120 and variance σ2 = 81,the central limit applies when the sample size is large-enough.A random sample of size n = 36 is obtained.
-What is the probability that the sample mean is at most 121.5?


Definitions:

Dividends

Distributions of a portion of a company's earnings, decided by the board of directors, to its shareholders.

Indefinite Life

An intangible asset that lacks a foreseeable limit to its useful life and is not amortized but rather assessed for impairment annually.

Goodwill

An intangible asset representing the excess value of a company over its tangible assets and liabilities, often arising from brand reputation, customer relationships, or intellectual property.

Book Value

Book value represents the value of an asset according to its balance sheet account balance, taking into account the original cost minus depreciation, amortization, or impairment costs.

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