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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Let the random variable X follow a normal distribution with mean μ = 48 and variance σ2 = 60.84.
-Find the probability that X is less than 52.
Gross Profit
The financial result obtained after subtracting the cost of goods sold from total revenue, indicating the efficiency of a company in managing its production and labor costs.
Operating Expenses
Expenses incurred from the normal operations of a business, excluding the cost of goods sold, such as rent, salaries, and utilities.
Sales Revenue
The income received by a company from its sales of goods or services before any costs or expenses are deducted.
Gross Profit Percentage
A financial metric that shows the portion of sales revenue that exceeds the cost of goods sold, expressed as a percentage.
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