The Mean of a Normally Distributed Group of Weekly Incomes

question 117

Multiple Choice

The mean of a normally distributed group of weekly incomes for a group of executives is $2,400 and the standard deviation is $600.What is the z-score for an income of $1,500/week?

• A)-1.5
• B)-1.0
• C)2.5
• D)1.9

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Definitions:

Income Statement

A document that showcases a company’s financial performance, specifically its revenue, expenses, and profits or losses, over a particular time period; also known as a profit and loss statement.

Consolidated Financial Statements

Combined financial reports of a parent company and its subsidiaries, presenting the financial position and results of operations as a single entity.

Subsidiaries

Companies that are controlled by another company, known as the parent company.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses have been deducted.