Suppose the mean income of firms in the industry for a year is 75 million dollars with a standard deviation of 17 million dollars. If incomes for the industry are distributed normally, what is the probability that a randomly selected firm will earn less than 110 million dollars? Round your answer to four decimal places.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose the mean income of firms in the industry for a year is 75 million dollars with a standard deviation of 17 million dollars. If ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Nationally what two factors caused the bubble in the real estate market
Answers (1)
Primo Industries collected $105,000 from customers in 2019. Of the amount collected, $25,000 was for services performed in 2018. In addition, Primo performed services worth $40,000 in 2019, which will not be collected until 2020.
Answers (1)
Can you reproduce with the same gender?
Answers (2)
Suppose Europeans began purchasing real assets in the United States. How would this impact the foreign exchange market for the euro and the U. S. dollar price of the euro? A. Increase / Increase B. Increase / Decrease C. Decrease / Increase D.
Answers (1)
2. Explain the strengths of a sole proprietorship and wn ngths of a sole proprietorship and who might choose to start this type of business:
Answers (1)
New Questions in Business
Fixed expenses: a. includes labor, raw materials, and commissions. b. can be estimated by taking into consideration the production. c. are incurred regardless of sales volume. d. must be linked to strategy in the business plan
Answers (1)
4) Which of the following is least likely to be your primary health care provider? a. an allergist b. an internist c. an obstetrician-gynecologist
Answers (1)
T/F A macroeconomist would be concerned with the following statement. "Two major hurricanes caused significant damage to the eastern seaboard and led to a fall in GDP and a rise in unemployment in the U. S. economy."
Answers (1)
At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $14,000. By the end ofthe year, actual bad debts total $15,000. Record the write-off to uncollectible accounts.
Answers (1)
Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $40. The following cost data per fan is based on a full capacity of 155,000 fans produced each period.
Answers (1)