A University Has 1,000 Computers Available for Students to Use

question 49

Essay

A university has 1,000 computers available for students to use. Each computer has a 250-gigabyte hard drive. The university wants to estimate the space occupied on the hard drives. A random sample of 100 computers showed a mean of 115 gigabytes used with a standard deviation of 20 gigabytes. What is the probability that a sample mean is greater than 120 gigabytes?

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Definitions:

Intangible Capital

Nonmaterial things that contribute to the output of future goods and services.

Production

The method of producing goods and services by merging labor, land, and capital.

Capital Stock

The total amount of physical goods and financial assets that contribute to the production of goods and services in an economy.

Intangible Assets

Non-physical assets such as patents, copyrights, brands, and goodwill that have value for a business.