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:

Provincial Bonds

Provincial bonds are debt securities issued by a provincial government in Canada to finance its expenditures and obligations.

Ordinary Annuity

A series of equal payments made at equal intervals of time, such as monthly or annually.

Residential Building Lot

A plot of land designated for the construction of a residential home.

Compounded Monthly

Interest on an investment calculated each month and added to the principal sum, leading to exponential growth of the investment.