The Daily Sales of a Small Retail Store in Toronto

question 5

Multiple Choice

The daily sales of a small retail store in Toronto for the last 365 days are normally distributed with a mean of $2,050, and a standard deviation of $300. From a sample of 49 days, what is the probability of having a sample mean more than $2,000?

• A) 0.3790
• B) 0.8790
• C) 0.121
• D) Approximately zero
• E) Approximately 100%

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Definitions:

Self-Efficacy

The belief in one's own ability to succeed in specific situations or accomplish a task, a crucial component of psychological theory.

Albert Bandura

A renowned psychologist best known for his Social Learning Theory, asserting that people learn behaviors through observation, imitation, and modeling.

Transference

In the psychodynamic approach to therapy, the client’s action of responding to the therapist as he or she responded to significant figures from his or her childhood (generally the parents). Considered the core of psychoanalytic therapy.

Rational-Emotive Therapy

A cognitive-behavioral approach to psychotherapy focused on changing irrational beliefs to alter dysfunctional emotions and behaviors.