A Random Sample of Size 36 Is Taken from a Population

question 59

Multiple Choice

A random sample of size 36 is taken from a population with mean µ = 17 and standard deviation σ = 6. The probability that the sample mean is less than 15 is ________.

• A) 0.0228
• B) 0.3707
• C) 0.6293
• D) 0.9772

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Definitions:

Retained Earnings

The portion of a business’s profits not distributed to shareholders, instead reinvested in the business or kept for reserve.

Cash Dividends

Payments made by a corporation to its shareholder members in the form of cash.

Stock Dividends

A dividend payment made to shareholders in the form of additional shares rather than cash.

Common Stock

A type of equity security that represents ownership in a corporation, providing voting rights and entitling the holder to a share of the company's success through dividends and/or capital appreciation.