Suppose a Population Has a Mean of 400 and a Standard

question 67

Multiple Choice

Suppose a population has a mean of 400 and a standard deviation of 24.If a random sample of size 144 is drawn from the population,the probability of drawing a sample with a mean of more than 404.5 is _______.

• A) 0.0139
• B) 0.4861
• C) 0.4878
• D) 0.0122
• E) 0.5000

---

Definitions:

Sales Discounts

A reduction in the price of goods or services offered to customers, usually as an incentive for early payment or bulk purchases.

Net Sales

The amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and discounts.

Account Receivable

Accounts Receivable are amounts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Write Off

An accounting action taken to recognize that an asset has lost its value and is removed from the balance sheet.