A Researcher Selects a Sample of 100 Participants from a Population

question 71

Multiple Choice

A researcher selects a sample of 100 participants from a population with a mean of 38 and a standard deviation of 20.About 68% of the sample means in this sampling distribution should be between a sample mean of

• A)34 and 40
• B)34 and 38
• C)38 and 44
• D)36 and 40

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Definitions:

Risk Averse

A descriptive term for investors or individuals who prefer lower risk or uncertainties, often choosing investments with smaller potential returns to avoid losing money.

Retirement Savings Plan

A retirement savings plan is a financial arrangement designed to replace employment income upon retirement, which can include various types of accounts like 401(k)s and IRAs.

Tax-exempt Saving

An investment account or product that offers tax benefits, such as no taxation on the interest or profits earned.

529 Plan

A tax-advantaged savings plan designed to encourage saving for future education costs, including tuition, fees, and room and board.