The Monthly Electrical Utility Bills of All Customers for the Far

question 63

Multiple Choice

The monthly electrical utility bills of all customers for the Far East Power and Light Company are known to be distributed as a normal distribution with mean equal to $87.00 a month and standard deviation of $36.00. If a statistical sample of n = 100 customers is selected at random, what is the probability that the mean bill for those sampled will exceed $75.00?

• A) -0.33
• B) Approximately 0.63
• C) About 1.00
• D) 3.33

Comprehend the importance of expectancy, instrumentality, and valence in Vroom's expectancy-valence theory.

Acknowledge the significance of flexible work arrangements and their impact on employee motivation.

Interpret how different motivational theories apply to practical workplace scenarios.

Grasp the legal regulations related to employee benefits and leave policies.

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Definitions:

Public Utility Holding Company Act

A law enacted in 1935 to regulate the electric utility companies by restricting their operations and ensuring they operate within their designated jurisdictions.

Trust Indenture Act

A federal law in the United States that imposes regulations on the issuance of certain securities, including requiring a formal agreement between bond issuers and trustees.

Investment Company Act

A federal law regulating the organization and activities of investment companies, primarily to protect investors from conflicts of interest and other abuses.

Regulation S-X

A regulation by the U.S. Securities and Exchange Commission that sets forth the form and content of financial statements required to be filed with the commission.