Use the Following to Answer Questions

question 62

Short Answer

Use the following to answer questions :
The daily sales at a convenience store produce a distribution that is approximately normal with a mean of 1220 and a standard deviation of 130.
-The probability that the sales on a given day at this store are less than $1,305,rounded to four decimal places,is:

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Definitions:

Discount Rate

The interest rate charged by central banks on loans they provide to commercial banks.

Growth Dividend Policy

A strategy where a company intends to pay out increasing dividends over time as it reinvests profits to fuel growth and expansion.

Eps Growth Rate

The annual rate at which a company's earnings per share (EPS) has grown over a specified time period.

Rate Of Return

The gain or loss of an investment over a certain period, expressed as a percentage of the investment's initial cost.