Examlex

Solved

The Mean of Fifty Sales Receipts Is $65

question 76

True/False

The mean of fifty sales receipts is $65.75 and the standard deviation is $10.55.Using Chebysheff's Theorem,75% of the sales receipts were between $44.65 and $86.85.


Definitions:

Savings Account

a bank account that earns interest and is typically used for holding money not intended for daily expenses.

Quarter-end Payments

Financial transactions or payments due at the end of each quarter of a fiscal year.

RRSP

A financial plan in Canada designed to help individuals save for retirement, offering tax advantages.

Compounded Monthly

Interest that is calculated on the principal and the previously earned interest on a monthly basis, leading to the accumulation of increasingly larger amounts.

Related Questions