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

question 57

Essay

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} Could you have used a normal distribution to find an (approximate)probability for the average of 4 revenues if the population of revenues did not have a normal distribution?

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Definitions:

Pain

A distressing experience involving both sensation and emotion, stemming from existing or prospective damage to tissue, or expressed through descriptions of such damage.

Hearing

The sense and physiological process of perceiving sounds through the ears.

Smell

The sense that detects odors through the olfactory system, playing a crucial role in human perception and interaction with the environment.

Basilar Membrane

A key structure in the cochlea of the inner ear, which plays a critical role in the sense of hearing by vibrating in response to sound.