Average Annual Revenue Suppose That the Average Annual Revenue of a Small

question 1

Essay

Average Annual Revenue Suppose that the average annual revenue of a small business is $150,000 with a standard deviation of $40,000. Assume that the revenue distribution is normal. {Average Annual Revenue Narrative} What is the probability that one business selected at random makes less than $120,000?

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Definitions:

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time, leading to a decrease in responsiveness.

Subliminal Stimulation

The process of influencing an individual's mind and behavior by presenting stimuli below the threshold of conscious awareness.

Absolute Threshold

The lowest level of stimulus strength needed to notice a specific stimulus half of the time.

Sense Receptors

Specialized cells or organs in the body that detect and respond to external stimuli, such as light, sound, or pressure.