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

question 87

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 the average annual revenue of a random sample of 4 businesses is less than $120,000?

---

Definitions:

Grandiose Delusion

A false belief of one's own superiority, greatness, or omnipotence that is not grounded in reality.

Delusions

Fixed false beliefs that are resistant to reason or confrontation with actual fact, often found in psychological disorders such as schizophrenia.

Delusion of Thought Insertion

A false belief where a person thinks that thoughts not their own are being inserted into their mind by an external source.

Persecutory Delusion

A false belief that one is being persecuted, conspired against, or harassed by others.