A small publishing company decides to use one section of its plant to produce two textbooks called Microeconomics and Macroeconomics. The profit made on each copy is $12 for Microeconomics and $18 Macroeconomics. Each copy of Microeconomics requires 12 minutes for printing and 18 minutes for binding. The corresponding figures for Macroeconomics are 15 and 9 minutes respectively. There are 10 hours available for printing and 10.5 hours available for binding. How many of each should be produced for maximize profit?

Using 5-6 complete sentences, explain sampling variability and its implications on the sampling behavior of a mean. Be sure to use appropriate terminology (e.g. population, sample, etc...) along with citation of the general ndings that arise due to the Square Root Law, the Law of Large Numbers, and the Central Limit Theorem. This question is worth 4 points. A sample of size n is taken from a population with an unknown distribution, with mean u and standard deviation O. Which of the following statements about the sample mean distribution is true? Select one: 0 8. Using the Central Limit Theorem, X approximately follows X . Nu. b. Using the Central Limit Theorem, Xexactly followsx - Ntu. C. without Using the Central Limit Theorem, X approximately follows > . N p. =] 0 d Without Using the Central Limit Theorem, Xexactly follower . No.Which of the following statements are TRUE regarding Central Limit Theorem? The range of values for the sampling distribution of means is larger than the range of values in the population. The central limit theorem only applies when the population distribution is normal. O The central limit theorem gives the exact probability of estimating the true population mean. The central limit theorem requires that all samples are randomly selected from a single population