It Has Been Reported That the Average Time to Download

question 41

Multiple Choice

It has been reported that the average time to download the home page from a government website was 0.9 seconds.Suppose that the download times were normally distributed with a standard deviation of 0.3 seconds.If random samples of 23 download times are selected,describe the shape of the sampling distribution and how it was determined.

• A)Normal;size of sample meets the Central Limit Theorem requirement.
• B)Normal;the original population is normal.
• C)Skewed;the original population is not a normal distribution.
• D)Cannot be determined with the information that is given.

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Definitions:

Compensatory Stock Option Plan

A plan that provides employees the option to purchase company stock at a discounted price as part of their compensation.

Employee Turnover

Refers to the rate at which employees leave a company and are replaced by new employees over a certain period.

Compensation Expense

The total cost incurred by an employer to provide salaries, wages, and benefits to employees, recognized in the financial statements.

Performance-Based Stock Option Plan

A program that grants employees options to purchase a company's stock at a set price, contingent on meeting specific performance benchmarks.