Food Expenditures Narrative the Amount of Money Spent on Food Per Week by Per

question 129

Essay

Food Expenditures Narrative
The amount of money spent on food per week by a Canadian family is known to have a mean of $92 and a standard deviation of $9. Suppose a random sample of 81 families is taken and their sample mean food expenditure is calculated.
-Refer to Food Expenditures Narrative. Completely describe the sampling distribution of the sample mean, .

---

Definitions:

Journalize

The process of recording business transactions in the accounting journals as part of the double-entry bookkeeping system.

Terms 2/10, N/30

Payment terms indicating a 2% discount is available if paid within 10 days; otherwise, the full (net) amount is due in 30 days.

Merchandise

Goods that are bought and sold by businesses in the ordinary course of commerce.