The Mean of a Normally Distributed Group of Weekly Incomes

question 9

Multiple Choice

The mean of a normally distributed group of weekly incomes of a large group of executives is $1,000 and the standard deviation is $100. What is the z-score for an income of $1,100?

• A) 1.00
• B) 2.00
• C) 1.683
• D) -0.90

Recognize the significance of liquidity ratios versus other types of financial ratios for short-term credit decisions.

Calculate and understand the significance of the accounts receivable turnover and its effect on company's liquidity.

Analyze the impact of specific financial activities on liquidity ratios.

Understand the relevance of financial ratios for stakeholders such as suppliers.