The Average Amount Customers at a Certain Grocery Store Spend

question 33

Multiple Choice

The average amount customers at a certain grocery store spend yearly is $703.92. Assume the
Variable is normally distributed. If the standard deviation is $99.00, find the probability that a
Randomly selected customer spends between $515.82 and $892.02.

• A)1.065 = 106.5%
• B)0.000 = 0.0%
• C)-0.012 = -1.2%
• D)0.942 = 94.2%

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Definitions:

Common Size Statements' Analysis

A method of financial analysis that expresses each line item as a percentage of a standard value from the financial statements to allow for comparison.

Trend Analysis

The practice of collecting information and attempting to spot a pattern, often used in financial analysis to predict future movements.

Lower Profitability

A situation where a company or business generates less profit or income compared to previous periods or compared to expectations.

Default Risk

The possibility that a borrower will fail to pay back a loan according to the agreed terms.