For a Distribution of Sample Means Constructed by Sampling 5

question 17

Multiple Choice

For a distribution of sample means constructed by sampling 5 items from a population of 15,________.

• A)the sample size is 15
• B)there will be 3,003 possible sample means
• C)the mean of the sample means will be 3
• D)the standard error will be 1

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Definitions:

Random Variable

A variable whose values depend on outcomes of a probabilistic phenomenon, often used in statistics and probability theory.

Future Price

The predicted price of a commodity, security, or currency in a futures contract for delivery and payment at a specified future date.

General Motors

A multinational corporation based in the United States that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Moral Hazard

A situation where one party in an agreement can take risks because the other party bears the consequences of those risks.