The Incomes of Trainees at a Local Mill Are Normally

question 118

Multiple Choice

The incomes of trainees at a local mill are normally distributed with a mean of $1100 and a standard deviation of $150. What percentage of trainees earn less than $900 a month?

• A)9.18%
• B)40.82%
• C)35.31%
• D)90.82%

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Definitions:

Quick Assets

Assets that can be quickly converted into cash without significantly affecting their value, including cash, marketable securities, and accounts receivable.

Current Assets

Valuables intended to be converted to cash, liquidated, or expended over the course of one year or the operational cycle, whichever timeframe is more extended.

Trade Discount

A reduction in the listed price of a product or service, offered by sellers to buyers in the business-to-business market to encourage purchases in large quantities.

Catalog Price

The listed price of goods or services in a supplier's catalog, not including any discounts or promotions.