According to the Central Limit Theorem, for Samples of Size

question 1

Multiple Choice

According to the central limit theorem, for samples of size 64 drawn from a population with μ = 800 and σ = 56, the standard deviation of the sampling distribution of sample means would equal _______.

• A)7
• B)8
• C)100
• D)800
• E)80

---

Definitions:

Production Process

The method or series of actions taken to manufacture a product, from the acquisition of raw materials to the final product.

Present Value

Today's value of a future money amount or sequence of cash flows, determined by a certain rate of return.

Initial Investment

The initial amount of money invested in a project or venture.

Financial Break-Even

The point at which total revenues equal total costs and expenses, leaving no net gain or loss.