Suppose a Population Is Normally Distributed with a Mean 100

question 61

Essay

Suppose a population is normally distributed with a mean 100 and a standard deviation of 15.When a sample of size n = 36 is collected a sampling distribution is created.Explain which is larger: the probability of a value randomly selected from the population being larger than 120,or the probability of a sample mean being larger then 120.

---

Definitions:

Low-risk Proposals

Refers to proposals or projects with a minimal chance of failure or loss, often associated with stable returns.

Forecasting Techniques

Methods or processes used in attempting to predict future events or trends, based on historical data and analysis.

Cash Flows

The inflows and outflows of cash for a business, indicating the company's operational health and its ability to generate profits.

Capital Budgeting

The process of planning and evaluating expenditures on assets whose cash flows are expected to extend beyond one year.