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Basic Business Statistics Study Set 3
Exam 7: Sampling Distributions
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Question 81
Multiple Choice
Which of the following is true about the sampling distribution of the sample mean?
Question 82
True/False
If the amount of gasoline purchased per car at a large service station has a population mean of 15 gallons and a population standard deviation of 4 gallons and a random sample of 64 cars is selected,there is approximately a 95.44% chance that the sample mean will be between 14 and 16 gallons.
Question 83
True/False
As the sample size increases,the effect of an extreme value on the sample mean becomes smaller.
Question 84
Multiple Choice
Why is the Central Limit Theorem so important to the study of sampling distributions?
Question 85
Short Answer
The amount of tea leaves in a can from a production line is normally distributed with μ = 110 grams and σ = 25 grams.A sample of 25 cans is to be selected.So,the middle 70% of all sample means will fall between what two values?