If a Random Sample of Size N Is Drawn from a Normal

question 109

Multiple Choice

If a random sample of size n is drawn from a normal population,then the sampling distribution of the sample mean will be:

• A)normal for all values of n.
• B)normal only for n > 30.
• C)approximately normal for all values of n.
• D)approximately normal only for n > 30.

---

Definitions:

Adjusted Cost

The revised basis of an asset for tax purposes after adjusting for factors such as depreciation or improvements.

Goods Sold

The term refers to the total quantity of products that a company has sold to its customers during a specific period.

Manufacturing Overhead

Indirect costs related to manufacturing that are not directly associated with the product, such as maintenance, utilities, and salaries of supervisors.

Underapplied

This term refers to a situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred.