The Distribution of the Annual Incomes of a Group of Middle

question 84

Multiple Choice

The distribution of the annual incomes of a group of middle management employees approximated a normal distribution with a mean of $37,200 and a standard deviation of $800. About 68 percent of the incomes lie between what two incomes?

• A) $30,000 and $40,000
• B) $36,400 and $38,000
• C) $34,800 and $39,600
• D) $35,600 and $38,800
• E) None of the choices are correct

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Definitions:

OTC Market

Over-The-Counter Market, where securities are traded directly between parties without a central exchange, often used for stocks not listed on formal exchanges.

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, commonly seen in corporate dividends.

Sole Proprietorships

A business owned and operated by a single individual, where the owner and the business are legally the same entity.

Bylaws

Regulations, rules, or laws adopted by an organization or community to govern its actions and the actions of its members.