We randomly select 100 Pell grant recipients from two states. State A is a relatively small state with approximately 4,000 Pell grant recipients. State B is a large state with approximately 200,000 Pell grant recipients. Suppose that the mean and standard deviation in individual Pell grants is approximately the same for both states: µ = $2,600 and σ = $800.

For which state is the sample mean most likely to be within $80 of $2,600?

A. State A because the sample represents a larger segment of this small population.
B. State B because there is less variability in larger populations so estimates from samples are more accurate.
C. Equally likely because σ=$800 for both states.

answer; bootstrapping is your answer;

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;