Department Store Audits Narrative

question 37

Essay

Department Store Audits Narrative
An auditor is going to sample 64 charge accounts from the many active accounts at a large department store. Suppose the average balance owed among all the store's accounts is $75 with a standard deviation of $100.
-Refer to Department Store Audits Narrative. What is the probability the sample mean of the balances owed among the 64 accounts sampled by the auditor is below $70?

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Definitions:

Operant

An action that is performed on an environment and has consequences.

Reinforcer

In behavior psychology, a stimulus that increases the likelihood that a specific behavior will occur.

Unconditioned Stimulus

A stimulus that naturally elicits a reflexive response without the need for prior conditioning.

Premack Principle

A principle of reinforcement that states a more probable behavior can be used as a reward for a less probable one to increase the less probable behavior.