A Golf Tournament Organizer Is Attempting to Determine Whether Hole

question 49

Multiple Choice

A golf tournament organizer is attempting to determine whether hole (pin) placement has a significant impact on the average number of strokes for the 13th hole on a given golf course.Historically,the pin has been placed in the front right corner of the green,and the historical mean number of strokes for the hole has been 4.25,with a standard deviation of 1.6 strokes.On a particular day during the most recent golf tournament,the organizer placed the hole (pin) in the back left corner of the green.64 golfers played the hole with the new placement on that day.Determine the probability of the sample average number of strokes exceeding 4.75.

• A) .9938
• B) .4013
• C) .0062
• D) .3783

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Definitions:

Preferred Stock

A security that pays a constant dividend forever. A hybrid between debt and common equity.

Hybrid Security

A financial instrument that combines characteristics of both equity and debt, often providing fixed income or dividends as well as the potential for capital appreciation.

Equity

An ownership interest. The portion of a firm’s capital representing funds belonging to its shareholders. An equity investment is an investment in stock.

Capital Components

The various sources of funding that a company uses to finance its operations and growth, including debt and equity.