Use Technology to Solve the Following Problem: the Mean Annual

question 15

Multiple Choice

Use technology to solve the following problem: The mean annual income for people in a certain city (in thousands of dollars) is 45, with a standard deviation of 37. A pollster draws a sample of 37 People to interview. What is the probability that the sample mean income is less than 52 (thousands Of dollars) ?

• A) 0.8751
• B) 0.8391
• C) 0.1019
• D) 0.8981

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Definitions:

Debt-to-equity Ratio

A ratio indicating the balance between shareholder equity and debt used in the financial structuring of a company's assets.

Receivable Turnover

A financial metric indicating how quickly a company collects payments owed from its customers, often measured over a year.

Inventory Turnover

A financial ratio that measures how frequently a company sells and replaces its inventory over a specific period.

Current Ratio

A metric assessing a business's ability to handle its due within one-year obligations, obtained by the ratio of current assets to current liabilities.