THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 85

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Monthly rates of return on the shares of a particular common stock are independent of one another and normally distributed with a standard deviation of 1.8.A sample of 15 months is taken.
-Find the probability that the sample standard deviation is more than 1.2.

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Definitions:

Social Facts

Durkheim's concept for societal norms, values, structures, and institutions that exert social control and influence individual behavior.

Empirically Studied

Investigated through the use of observation or experience rather than theory or pure logic, often involving systematic collection and analysis of data.

Coerces

To compel or force someone to do something by using pressure, threats, or intimidation, often implying a lack of free will or choice.

Mechanical Society

A term from Émile Durkheim describing traditional societies where social cohesion and integration come from the homogeneity of individuals’ beliefs, values, and practices.