A Major Cell Phone Service Provider Has Determined That the Number

question 87

Multiple Choice

A major cell phone service provider has determined that the number of minutes that its customers use their phone per month is normally distributed with a mean equal to 445.5 minutes with a standard deviation equal to 177.8 minutes. As a promotion, the company plans to hold a drawing to give away one free vacation to Hawaii for a customer who uses between 400 and 402 minutes during a particular month. Based on the information provided, what proportion of the company's customers would be eligible for the drawing?

• A) Approximately 0.1026
• B) About 0.004
• C) Approximately 0.2013
• D) About 0.02

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Definitions:

Assets

Resources owned or controlled by a business, expected to generate future economic benefit.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet until earned.

Service Revenue

Income earned by a company for the services it provides to its customers.

Accounts Receivable

Money owed to a business by its clients for goods or services that have been delivered but not yet paid for.