The Owner of a Fish Market Has an Assistant Who

question 114

Multiple Choice

The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed,with mean of 3.2 pounds and standard deviation of 0.8 pound.If a sample of 25 fish yields a mean of 3.6 pounds,what is the Z-score for this observation?

• A)18.750
• B)2.500
• C)1.875
• D)0.750

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Definitions:

Variable Costs

Costs that change in proportion to the amount of goods or services produced or sold by a business.

Depreciation Tax Shield

The reduction in income tax that results from the allowance for depreciation expenses on an asset, which can lower taxable income.

Marginal Tax Rate

The rate of tax that applies to the last dollar of the taxpayer's income, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.

Depreciated Fixed Asset

A long-term asset that has decreased in value due to wear and tear, age, or obsolescence.