A Nursery Sells Trees of Different Types and Heights

question 69

Multiple Choice

A nursery sells trees of different types and heights. These trees average 60 inches in height with a standard deviation of 16 inches. Suppose that 75 pine trees are sold for planting at City Hall. What is the standard deviation for the sample mean?

• A) 1.85
• B) 3.41
• C) 4
• D) 16

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Definitions:

Demand And Supply Diagram

A graphical representation used to show the relationship between the demand for a product and its supply, illustrating equilibrium price and quantity.

Efficiency Loss

Refers to the decrease in economic efficiency that can occur when equilibrium for a good or a service is not achieved, often due to market failure or intervention.

Health Insurance

Coverage under this type of insurance often includes payment for health-related services such as surgeries, medications prescribed by a doctor, and in some cases, dental procedures for the insured individual.

Deductibles

The amount paid out of pocket by the policyholder before an insurance company will pay any expenses.