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:

Planning Assumption

Planning assumption involves the underlying assumptions or estimations made during the planning phase of a project or strategy, which guide decision-making and expectations for the future.

Planning Period

The length of time for which an organization prepares its strategies and allocates its resources.

Bottom-Up Plan

A planning strategy that starts at the lowest or most detailed level, with information and forecasts moving upwards for review and decision-making.

Lower Management

The lowest level of management in an organizational hierarchy responsible for supervising the daily operations and reporting to middle management.