A Random Sample of Size 36 Is Taken from a Population

question 59

Multiple Choice

A random sample of size 36 is taken from a population with mean 50 and standard deviation 5.Find $\mathrm { P } ( \bar { X } > 49 )$

• A).8331
• B).1151
• C).8849
• D).1389

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Definitions:

Fed

Short for the Federal Reserve, which is the central banking system of the United States, responsible for monetary policy.

Required Reserve Ratio

The fraction of deposits that banks are required by law to keep on hand or with the central bank as a reserve.

M1 Money Supply

A category of money supply that includes all physical money like coins and currency, as well as demand deposits and other liquid assets held by the central bank.

Fed

The Federal Reserve System, often referred to as the Fed, is the central banking system of the United States, which oversees the nation's monetary policy by regulating banking institutions, stabilizing the financial system, and managing inflation and employment levels.