The Amount of Bleach a Machine Pours into Bottles Has

question 13

True/False

The amount of bleach a machine pours into bottles has a mean of 50 ounces with a standard deviation of 0.25 ounces.We take a random sample of 36 bottles filled by this machine.The sampling distribution of the sample mean has a mean of 50 ounces.

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Definitions:

Position

An investment holding or the amount of a particular security, commodity, or currency that an investor owns or has contracted to buy or sell.

Stock Index Futures

Are futures contracts where the underlying is a stock index, and they are used by investors to speculate on the future direction of the index's price or to hedge against potential index movements.

Multiplier

An economic factor that quantifies the effect of a change in one economic variable on another, for instance, how government spending affects national income.

Dollars

The official currency of the United States, also widely used as a benchmark and reserve currency globally.