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Use the following information to answer the question. The mean age of lead actors from the top ten grossing movies of 2007 was 36.4 years with a standard deviation of 9.87 years. Assume the distribution of the actors ages is approximately unimodal and symmetric.
-In 2007, popular actor and singer Justin Timberlake was 26-years-old. What is Justin Timberlake's age in 2007 if it is standardized? Would it be unusual for a 26-year-old actor to be in a Top-grossing film of 2007? Assume the Empirical Rule applies and round to the nearest hundredth.
Inventory Decreases
A reduction in the quantity of goods or materials held in stock, which can impact production, sales, and the overall financial health of a business.
Variable Costing
An accounting method that includes only variable costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold and inventory valuation.
Absorption Costing
An accounting method that assigns all manufacturing costs, both variable and fixed, to products.
Special Order Decisions
These are considerations made by businesses to accept or decline an order from a customer that is not part of the company's standard line of production or services, often involving unique pricing or costs.
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