Simple random sampling has been used to obtain a sample of size 60 from a population of size 700 . The sample mean was 500 with a standard deviation of 60

a. Estimate the standard error of the mean.
b. Develop an approximate 95% confidence interval for the population mean.


a. 7.4 (rounded)
b. 458.2 to 514.8

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a. less efficient and more accurate b. less efficient and less accurate c. more efficient and more accurate d. more efficient and less accurate

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When, at the time of contracting, the goods are in the hands of a third-party bailee and are covered by a document of title, the risk passes to the buyer when he or she:

A. indulges in a breach of contract. B. receives the document of title. C. acknowledges the third-party bailee's right to possession. D. takes possession of the goods.

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Telephone penetration is a serious consideration when doing international marketing research. In Great Britain telephone penetration is only about ________, although cell phone penetration is higher

A) 80% B) 10% C) 40% D) 96%

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________ refers to the process of putting thought into symbolic form

A) Sending B) Encoding C) Decoding D) Receiving E) Feedback

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