Suppose That the Time Needed to Complete a Final Exam

question 60

Essay

Suppose that the time needed to complete a final exam is normally distributed with a mean of 85 minutes and a standard deviation of 18 minutes.
a. What is the probability that the total time taken by a group of 100 students will not exceed 8200 minutes?
b. What assumption did you have to make in your computations in part (a)?

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Definitions:

Shareholder Wealth

Refers to the collective value of all shares held by investors in a corporation, ideally increasing as the company becomes more successful and its stock price rises.

Cash Flow Forecasts

Predictions of all the cash inflows and outflows expected to occur in a future period, helping businesses to ensure they maintain sufficient levels of cash.

NPV

A financial analysis approach that determines the present value of an investment's expected cash flows minus its initial cost, used to evaluate the attractiveness of projects.

Net Income

The net income of a company, calculated by deducting all costs and taxes from its total revenues.