Suppose the Population of All Colleges Shows the Annual Parking

question 57

Multiple Choice

Suppose the population of all colleges shows the annual parking fee per student is $110 with a standard deviation of $18. If a random sample of size 49 is drawn from the population, the probability of drawing a sample with a sample mean between $112 and $115 is ___.

• A) 0.9738
• B) 0.7777
• C) 0.7823
• D) 0.1915
• E) 1.7561

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Definitions:

Promotional Objective

A specific goal that a marketing campaign aims to achieve, such as increasing brand awareness or boosting sales.

Competitive Environment

The dynamic external system in which businesses compete for market share.

Business Buyers

Organizations or individuals that purchase goods or services for commercial use, production, or resale, rather than for personal consumption.

Promotional Element

Components of a marketing strategy which aim to increase awareness, availability, and sales of a product, often including advertising, sales promotion, and public relations activities.