A Random Sample of N = 9 Scores Is Obtained

question 60

Multiple Choice

A random sample of n = 9 scores is obtained from a normal population with µ = 40 and σ = 6.What is the probability that the sample mean will be greater than M = 43?​

• A)0.3085​
• B)​0.6915
• C)​0.9332
• D)​0.0668

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Definitions:

Service Level

A measurement of the performance of a system, often used in supply chains to quantify the percentage of customer demands met without delay.

Overstocking Cost

Expenses incurred when a company holds more inventory than it can sell, including storage, insurance, and depreciation.

Quick Response

A strategy aimed at improving the efficiency of supply chains by rapidly reacting to changes in demand.

Advantages

The benefits or favorable conditions that give an entity a superior position or competitive edge over others in its field.