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1) Random sample is attained from normal population with the mean of µ = 80 and standard deviation of σ = 8. Which of the following outcomes is more probable? Describe your answer.
a) A sample mean greater than 86 for sample of n = 4 scores.
b) A sample mean greater than 84 for sample of n = 16 scores.
2) Distribution of SAT scores is normal with the mean of µ = 500 and standard deviation of σ = 100. If mean SAT score is calculated from a sample of n = 100 students from this population.
a) What range of values must have the sample mean 95% of the time?
b) What range of values must have the sample mean 99% of the time?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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