A Random Sample of Size 36 Is Taken from a Population

question 94

Multiple Choice

A random sample of size 36 is taken from a population with mean µ = 17 and standard deviation σ = 6.The probability that the sample mean is between 15 and 18 is _______.

• A) 0.0228
• B) 0.8185
• C) 0.8413
• D) 0.8641

---

Definitions:

Unrealized

Referring to profits or losses that have occurred on paper due to changes in the value of assets or investments but have not been actualized through a sale or transaction.

Intercompany Profits

Earnings generated from transactions between divisions or subsidiaries within the same corporation, which may be eliminated in consolidated financial statements.

Inventory

The items a business holds for the main purpose of resale or the raw materials used to produce goods for sale.

Management Fees

Fees charged by managers for the operation, management, or administration of a property, fund, or project.