John's Commute Time to Work During the Week Follows the Normal

question 19

Multiple Choice

John's commute time to work during the week follows the normal probability distribution with a mean time of 26.7 minutes and a standard deviation of 5.1 minutes. What is the probability that the commute time for a randomly selected day will be between 28 and 34 minutes?

• A)0.4013
• B)0.2266
• C)0.3249
• D)0.1335

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Definitions:

Asset Turnover

A financial ratio that measures the efficiency of a company’s use of its assets in generating sales revenue.

Sales Revenue

The gross revenue is the entirety of income that comes from selling products or services, prior to deducting any costs.

Total Invested Capital

The sum of a company's equity and debt capital, representing the total amount of capital invested in the business.

Profit Margin

A financial performance ratio that shows the percentage of profit a company makes for each dollar of sales.