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It Has Been Reported That the Average Time to Download

question 77

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It has been reported that the average time to download the home page from a government website was 0.9 seconds.Suppose that the download times were normally distributed with a standard deviation of 0.3 seconds.If random samples of 36 download times are selected,what is the probability that the sample mean will be less than 0.84 seconds?

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Definitions:

Return On Sales Ratio

A financial metric that calculates how efficiently a company is generating profits from its revenue, by dividing operating profit by net sales.

Financial Statements

Formal records that outline the financial activities and condition of a business, individual, or other entity.

Common Shares

Equity shares that represent ownership in a company, giving holders voting rights and a claim on a portion of the company's profits through dividends.

Fixed Asset Turnover Ratio

A financial indicator that measures a company's ability to generate net sales from fixed-asset investments, specifically property, plant, and equipment.

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