A Random Sample of Size 36 Is Taken from a Population

question 110

Multiple Choice

A random sample of size 36 is taken from a population with mean 50 and standard deviation 5.Find $\mathrm { P } ( \bar { X } < 48 )$

• A).0082
• B).8330
• C).0999
• D).1389

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Definitions:

Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Spending Variances

Differences between the actual and budgeted amounts of money spent during a period.

Customers Served

The total number of unique customers who receive services or products from a business during a specific period.

Budgeting Formulas

Mathematical expressions or rules used to plan and control income and expenditure over a specified period.