Describe the Distribution of the Sample Mean-Samples from a Population $\$ 7200$

question 23

Multiple Choice

Describe the Distribution of the Sample Mean-Samples from a Population That Is Not Normal
-The owner of a computer repair shop has determined that their daily revenue has mean $\$ 7200$ and standard deviation $\$ 1200$ . The daily revenue totals for the next 30 days will be monitored. What is the probability that the mean daily revenue for the next 30 days will be between $\$ 7000$ and $\$ 7500$ ?

• A) \(0.7333\)
• B) \(0.2667\)
• C) \(0.9147\)
• D) \(0.8186\)

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Definitions:

Unrealized Gain

The increase in value of an asset or investment that has not been sold, therefore not yet generating actual profit.

Fair Value Adjustment

A financial accounting process of adjusting the carrying value of an asset or liability to align with its current market value.

Available-for-Sale

A classification for financial assets implying that they are not primarily held for trading purposes but can be sold if needed.

Unrealized Loss

An unrealized loss occurs when an asset's value decreases, but the asset has not yet been sold, so the loss is not yet realized in a transaction.