Suppose a Population Has a Mean of 450 and a Variance

question 28

Multiple Choice

Suppose a population has a mean of 450 and a variance of 900.If a random sample is size 100 is drawn from the population, the probability that the sample mean is between 448 and 453 is ___.

• A)0.4972
• B)0.6826
• C)0.4101
• D)0.5899
• E)0.9878

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often characterized by global economic trade and cultural exchange.

Interdependence

The reliance between two or more entities or groups, often leading to collaborative or cooperative behavior.

Business Competition

The rivalry among companies for market share and profitability, driven by the quest for innovation, quality, and customer satisfaction.

Moral Principles

Fundamental beliefs regarding what is right and wrong that guide individuals' behaviors and decisions.