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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Let the random variable X follow a normal distribution with a mean of 61.7 and a standard deviation of 5.2.
-What is the value of k such that P(59 < X < k) = 0.54?
Operating Income
The amount of profit realized from a business's operations after deducting operating expenses like wages, depreciation, and cost of goods sold.
Invested Assets
Items acquired or bought with the intention of earning income or profit.
Profit Margin
A financial metric displaying the percentage of revenue that remains as profit after all expenses have been deducted.
Operating Expenses
Costs related to the day-to-day operations of a business, excluding the cost of goods sold, such as rent, utilities, and payroll.
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