A Television Station Claims That the Amount of Advertising Per

question 34

Multiple Choice

A television station claims that the amount of advertising per hour of broadcast time has an average of 16minutes and a standard deviation equal to 1.4 minutes. You watch the station for 1 hour, at a randomlyselected time, and carefully observe that the amount of advertising time is equal to 8 minutes. Calculate thez-score for this amount of advertising time.

• A) z = -5.71
• B) z = 5.71
• C) z = -0.41
• D) z = 0.41

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Definitions:

Equity Income

Refers to the income generated by an investor's share of profits from an equity investment, such as stocks or ownership interests in companies.

Fair Value

The obtainable price for liquidating an asset or the charge to shift a liability in a planned engagement with market operatives at the time of determining value.

Investment Account Balance

The total value of all the investments held in an investor's account, including stocks, bonds, mutual funds, and other assets.