The Amount of Time That You Have to Wait Before

question 63

Multiple Choice

The amount of time that you have to wait before seeing the doctor in the doctor's office is normally distributed with a mean of 15.2 minutes and a standard deviation of 15.2 minutes.If you take a random sample of 35 patients,what is the probability that the average wait time is greater than 20 minutes? (Hint: Round the probability value to 2 decimal places. )

• A)0.28
• B)0.16
• C)0.09
• D)0.03

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Definitions:

Operating Assets

Assets that are used for the day-to-day operations of a business, including both current and non-current assets.

Net Operating Income

The total profit of a company after operating expenses are subtracted, but before deducting interest and taxes.

Return On Investment (ROI)

A metric for assessing how well an investment does by comparing what it returns against what it costs.

Minimum Required Rate

The lowest acceptable rate of return on an investment, as determined by management or investors.