The Owner of a Fish Market Has an Assistant Who

question 30

Multiple Choice

The owner of a fish market has an assistant who has determined that the weights of rainbow trout are normally distributed,with mean of 3.2 kilograms and standard deviation of 0.8 kilogram.
-If a sample of 16 fish is taken,what would the standard error of the mean weight equal?

• A) 0.200
• B) 0.800
• C) 0.003
• D) 0.050

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Definitions:

Disclosed

Revealed or made known, often referring to the sharing of information that was previously private or confidential.

LIFO Method

Last In, First Out method; an inventory valuation approach where the most recently produced or acquired items are the first to be expensed.

FIFO Method

Stands for "First In, First Out," an inventory valuation method where the cost of the oldest items are the first to be recorded as sold.

Common Stock

A form of corporate equity ownership, a type of security representing ownership of a fraction of a corporation's capital.