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    Business Statistics Study Set 1
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    Exam 7: Introduction to Sampling Distributions
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    A Normally Distributed Population Has a Mean of 500 and a Standard
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A Normally Distributed Population Has a Mean of 500 and a Standard

Question 3

Question 3

Multiple Choice

A normally distributed population has a mean of 500 and a standard deviation of 60. Determine the probability that a random sample of size 25 selected from the population will have a sample mean greater than or equal to 515.


A) 0.1056
B) 0.1761
C) 0.0712
D) 0.0151

Correct Answer:

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