On may 10, the ceo of massmachine announced a quarterly dividend of $.50 per share to be paid on june 25 to all stockholders on
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Given:
μ = 9.9 hours, population mean
σ = 4.54 hours, population standard deviation
For the random variable x = 3 hours, the z-score is
z = (3 - 9.92)/4.54 = -1.5242
From standard tables, obtain
P(x ≤ 3) = 0.064 = 6.4%
Answer: 6.4% on both tails of the normal distribution
μ = 9.9 hours, population mean
σ = 4.54 hours, population standard deviation
For the random variable x = 3 hours, the z-score is
z = (3 - 9.92)/4.54 = -1.5242
From standard tables, obtain
P(x ≤ 3) = 0.064 = 6.4%
Answer: 6.4% on both tails of the normal distribution
Answer:
2.7
Explanation:
The inventory turnover is defined as the ratio between the cost of merchandise sold during the year and the average inventory.
Average inventory can be defined as the mean between initial and ending inventory. The inventory turnover is:
The inventory turnover ratio is 2.7.