1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
neonofarm [45]
3 years ago
11

A small business owner determines that her revenue during the next year should be approximately normally distributed with a mean

of $425,000 and standard deviation of $130,000. What is the probability that her revenue will exceed $600,000? a. .9999 b. .0085 c 5000 d..9115
Business
1 answer:
charle [14.2K]3 years ago
3 0

Answer:

b. .0085

Explanation:

we normalize our sample to get a Pz value

P_z = \frac{X - \mu}{\sigma} \\P_Z = \frac{600,000 - 425,000}{130,000}  = 1,3461538461

Then, we look in the tables for the accumulated probability at that point:

0.910873547

This is the area BELOW teh given mark we are asked for the probability above the area (more than 600,000)

1 - 0.910873547 = 0,089126

the most close estimation will be option b

You might be interested in
What is the difference between a demand curve and a demand schedule?
svetlana [45]

Answer:

Demand schedule:

The Demand schedule refers to the tabular representation of the quantity demanded at the various price levels. By observing the demand schedule, we can conclude that as the price of the good increases then as a result the quantity demanded for that good falls. It represents various combination of price and quantity demanded.

Demand curve:

A demand curve refers to the graphical representation of the demand schedule which shows the relationship between the price of the commodity and the quantity demanded for that commodity. It is downward sloping curve which shows that there is an inverse relationship between the price of a good and the quantity demanded.

5 0
2 years ago
In order to make sure it is possible to clean the floors under shelving units in food establishments, the shelves must be at lea
soldier1979 [14.2K]
The shelves must be at least SIX [6] INCHES above the floor. This is necessary in order to facilitates proper cleaning of the floors, the unobstructed space below the shelf will make it easier to clean the underneath of the shelves. This will prevent cockroaches and other kitchen pests from habouring the space.
3 0
3 years ago
Who has the final say in matters of public policy about health actions? A. Administrator of the facility B. Families C. Public h
Harrizon [31]
<span>Who has the final say in matters of public policy about health actions? Public health officer. The public health officer is in charge of making sure all health regulations and potential threats are taken care of. It is important to maintain public health and prevent diseases from happening. </span>
4 0
3 years ago
The government accounting office (gao) announces deep cuts to social security, medicare, and welfare programs. aggregate demand
Alborosie
Aggregate demand will REMAIN THE SAME. Aggregate demand refers to the total demand for goods and services within a particular market in an economy. Social security, medicare and welfare programs are examples of government transfer payments; transfer payments are not meant to be purchased, therefore they have no influence whatsoever on aggregate demand. 
4 0
3 years ago
Read 2 more answers
Which company is a major national credit bureau in the united states
tensa zangetsu [6.8K]

There are three main credit bureaus (also known as credit reporting agencies) servicing the United States: Trans Union, Equifax and Experian. Each bureau is independent and a competitor of each other. Because of this there could be differences between the reports of the three credit bureaus.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Maria is purchasing a new car whose MSRP is $22,450. She is trading in her old car for $7000 and being upgraded to a premium pac
    11·2 answers
  • Georgina is the owner of a company called piquant (which means having a pleasantly sharp taste or appetizing flavor). she was lo
    11·1 answer
  • ​Historically, stocks have delivered a​ ________ return on average compared to Treasury bills but have experienced​ ________ flu
    5·1 answer
  • After a recent spike in violent crime, the local police department wants to spend $550,000 on a new crime fighting initiative. I
    8·1 answer
  • Consider a two-period model of a small open economy with a single good each period. Let preferences of the representative househ
    11·1 answer
  • XYZ Company has expected earnings of $3.00 for next year and usually retains 40 percent for future growth. Its dividends are exp
    15·1 answer
  • Suppose that a worker in Radioland can produce either 4 radios or 1 television per year, and a worker in Teeveeland can produce
    15·1 answer
  • The following expenditures were incurred by Tamarisk, Inc. in purchasing land: cash price $74,000, accrued taxes $4,400, attorne
    5·1 answer
  • Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of operations ending October 31, Mar
    14·1 answer
  • Extraction of petroleum from oil sands causes environmental degradation at the extraction site and its surroundings. how does th
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!