The Owner of a Fish Market Has an Assistant Who

question 143

Multiple Choice

The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed,with a mean of 3.2 pounds and standard deviation of 0.84 pounds.If a sample of 16 fish is taken,what is the standard error of the mean weight?

• A)0.840
• B)0.053
• C)0.210
• D)None of these choices.

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Definitions:

Environmental Risk

The potential for environmental damage or adverse health effects resulting from exposure to environmental hazards or pollutants.

Control Risk

The risk that errors or irregularities in financial statements will not be prevented, or detected and corrected, by an organization's internal controls.

Supply-Chain Leverage

The strategic use of supply chain processes and partnerships to gain competitive advantage in cost, speed, or innovation.

Net Profit Margin

A financial ratio that shows the percentage of revenue remaining as profit after all expenses are deducted, serving as an indicator of a company's profitability.