Multiple Choice
A marketing solutions poll of mutual funds and fund owners asked fund owners what action they took after the September 11th2001 market drop. Sixteen percent of respondents said they bought more funds. If 600 fund owners were polled, calculate the mean and standard deviation of the number of respondents who bought more funds. Considering as unusual a result that differs from the mean by more than two standard deviations, it (___ (is/is not) ___) unusual that in one of these polls of 600 fund owners, 100 respondents bought more mutual funds.
A) 96, 9, is not
B) 96, 8, is
C) 96, 9, is
D) 95, 8, is not
E) 95, 8, is
Correct Answer:
Verified
Correct Answer:
Verified
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