A Population Has a Mean of 53 and a Standard

question 22

Multiple Choice

A population has a mean of 53 and a standard deviation of 21. A sample of 49 observations will be taken. The probability that the sample mean will be greater than 57.95 is

• A)0
• B).0495
• C).4505
• D).9505

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Definitions:

Net Income

The profit a company generates after all expenses, taxes, and costs have been deducted from total revenue.

Common Stock

Equity ownership in a corporation, with voting rights and potential dividends, but last in priority for assets and income.

Cash Dividends

Distributions of a corporation's earnings to shareholders as a return on their investment, typically in the form of cash.

Asset Balances

The values of all the assets that a company has listed on its balance sheet, these values are assessed at the end of a reporting period.