Average Annual Revenue Suppose That the Average Annual Revenue of a Small

question 106

Short Answer

Average Annual Revenue
Suppose that the average annual revenue of a small business is $150,000 with a standard deviation of $40,000.Assume that the revenue distribution is normal. ​ ​
-{Average Annual Revenue Narrative} What is the probability that one business selected at random makes less than $120,000?

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Definitions:

Extinction

In psychology, the gradual weakening of a conditioned response by not reinforcing the conditioning stimulus.

Conditioned Forgetting

A phenomenon where memory is lost or altered due to the introduction of specific conditions or stimuli, often involving the suppression of unwanted memories.

Suppression

The conscious effort to stop thinking about certain thoughts or feelings.

Inhibition

A psychological or physiological process that reduces or suppresses the response to stimuli.