What Is the Probability of Getting a Sample Mean Between

question 43

Multiple Choice

What is the probability of getting a sample mean between 500 and 520 if the population mean is 500 and the standard deviation of the sampling distribution (the standard error of the mean) is 20?

• A)0.5000
• B)0.4332
• C)0.3413
• D)0.1915

---

Definitions:

Lump Sum Transfer

A one-time payment of money or resources, usually not expected to be repaid.

Budget Line

A graphical representation showing all possible combinations of two goods that can be purchased at given prices and income level.

Government Housing Assistance

Programs offered by the government to provide affordable housing or financial aid to individuals and families in need.

Budget Line

A visual depiction of every potential mix of two products that a buyer is capable of purchasing based on their budget and the product prices.