According to the Central Limit Theorem, If a Sample of Size

question 12

Multiple Choice

According to the central limit theorem, if a sample of size 56 is drawn from a population with a standard deviation of 14, the standard deviation of the distribution of the sample means would equal _______.

• A)14
• B)1.87
• C)3.5
• D)0.25
• E)3.74

---

Definitions:

Reciprocal Services

Services exchanged between departments within an organization or between companies without direct monetary payment, often valued and accounted for through internal mechanisms.

ABC

An abbreviation for Activity-Based Costing, a method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

Direct Method

A cash flow statement preparation method that shows the specific sources of operating cash receipts and payments, contrasting with the indirect method.

ABC

Activity-Based Costing, an accounting method that assigns costs to products and services based on the activities and resources used in their creation and delivery.