This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A company has determined that the mean number of days it takes to collect on its accounts receivable ... (Read 146 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jun 24, 2018
A company has determined that the mean number of days it takes to collect on its accounts receivable is 36 with a standard deviation of 11 days. The company plans to select a random sample of n = 12 accounts and compute the sample mean.
 
  Which of the following statements holds true in this situation?A) There is no way to determine what the mean of the sampling distribution is without knowing the specific shape of the population.
  B) The sampling distribution will have the same distribution as the population, provided that the population is not normally distributed.
  C) The sampling error will be larger than if they had sampled n = 64 accounts.
  D) The sampling distribution may actually be approximately normally distributed depending on what the population distribution is.

Question 2

When using the t-distribution in a hypothesis test, the population does not need to be assumed normally distributed.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bubulittle310@msn.cn

  • Sr. Member
  • ****
  • Posts: 281
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


ENagel

  • Member
  • Posts: 540
Reply 2 on: Jun 24, 2018
Gracias!

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
How Much Is Enough? The Explosion In The Number of U.S. Prisoners How Much Is Enough? The Explosion In The Number of U.S. Prisoners
Who Takes Care of the Children While the Mothers Are at Work? Who Takes Care of the Children While the Mothers Are at Work?
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Vasectomy

For a complete list of videos, visit our video library