The Table Below Shows the Sales Per Day at a Grocery

question 38

Essay

The table below shows the sales per day at a grocery store over a period of a week. Calculate the z-score for sales on Day 4. $\begin{array}{|c|l|}\hline \text { Day } & \begin{array}{l}\text { Sales per day in } \\\text { \$(Xi) }\end{array} \\\hline 1 & 5000 \\\hline 2 & 5304 \\\hline 3 & 6430 \\\hline 4 & 7889 \\\hline 5 & 5333 \\\hline 6 & 6109 \\\hline 7 & 6734 \\\hline\end{array}$

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Definitions:

Preferred Stock

A class of ownership in a corporation with a fixed dividend that is paid before any dividends are paid to common stockholders. Preferred stock typically does not have voting rights.

Return On Assets Ratio

A profitability ratio that measures how efficiently a company can manage its assets to produce net income, calculated by dividing net income by total assets.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue, indicating financial health.

Total Assets

The sum of all assets owned by a company, displayed on the balance sheet, including current and non-current assets.