According to a Survey of the Top 10 Employers in a Major

question 121

Multiple Choice

According to a survey of the top 10 employers in a major city in the Midwest, a worker spends an average of 413 minutes a day on the job. Suppose the standard deviation is 26.8 minutes and the time spent is approximately a normal distribution. What are the times within which approximately 99.73 percent of all workers will fall?

• A) [305.8, 520.2]
• B) [386.2, 439.8]
• C) [372.8, 453.2]
• D) [359.4, 466.6]
• E) [332.6, 493.4]

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Definitions:

Accounts Receivable

Represents money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Financial Statement

A documented summary of financial transactions and standing for a company, person, or alternative entity.

Normal Balance

The usual balance side (debit or credit) on which an account increases.

Account Category

A classification within the financial statements that helps in organizing accounts, such as assets, liabilities, equity, revenues, and expenses.