Suppose a Population Has a Mean of 400 and a Standard

question 67

Multiple Choice

Suppose a population has a mean of 400 and a standard deviation of 24.If a random sample of size 144 is drawn from the population,the probability of drawing a sample with a mean of more than 404.5 is _______.

• A) 0.0139
• B) 0.4861
• C) 0.4878
• D) 0.0122
• E) 0.5000

---

Definitions:

Social Innovation

The process of developing and implementing effective solutions to challenging and often systemic social and environmental issues in support of social progress.

Society's Limited Resources

The concept that resources such as time, money, and raw materials are finite and must be allocated wisely to meet the needs and wants of a society.

Entrepreneur

An individual who initiates, manages, and assumes the risks of a business venture in pursuit of profit and innovation.

Efficiency

The ability to accomplish a task or produce a desired outcome with minimum waste of time, effort, or resources.