Solve the Problem

question 190

Multiple Choice

Solve the problem. Round results to the nearest hundredth.
-A department store, on average, has daily sales of $28,372.72. The standard deviation of sales is $2000. On Tuesday, the store sold $34,885.21 worth of goods. Find Tuesday's z score. Was Tuesday an unusually good
Day?

• A) 3.26, yes
• B) 3.57, yes
• C) 3.42, no
• D) 2.61, no

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Definitions:

Comparative Advantage

A principle in economics that suggests a country or entity should produce goods and services for which it has a lower opportunity cost, allowing for more efficient international trade.

Bilateral Trade Surpluses

The condition where a country has a positive trade balance (exports exceed imports) with another specific country.

Imposes a Tariff

The action by a government to establish a tax on imported or, occasionally, exported goods.

Korean Imports

Goods and services bought by residents of a country from Korea, which could include electronics, vehicles, and other products.