The Owner of a Fish Market Has an Assistant Who

question 2

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 64 fish yields a mean of 3.4 kilograms,what is the probability of obtaining a sample mean this large or larger?

• A) 0.4987
• B) 0.0001
• C) 0.0013
• D) 0.0228

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Definitions:

Prospect

A potential customer or client who has been identified as fitting a target market or demographic but has not yet made a purchase.

Mental Steps

The cognitive processes or stages one goes through when solving a problem or making a decision.

Purchasing Decision

The process of evaluating and choosing among alternative products or services to fulfill a need or desire.

Selling Process

A series of steps taken by a salesperson to persuade potential buyers to purchase a product or service, from initial contact to closing the sale.