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In a recent survey of college professors,it was found that the average amount of money spent on entertainment each week was normally distributed with a mean of $95.25 and a standard deviation of $27.32.What is the probability that the average spending of a sample of 25 randomly-selected professors will exceed $102.50?
Purchasing Manager
A professional responsible for sourcing goods and services for a company, negotiating contracts, and managing supply chain relations.
Appropriate Suppliers
Vendors or providers that meet specific criteria for quality, reliability, and ethical standards, suitable for a business's needs.
Transportation Of Goods
The process of moving products from one location to another, often involving various modes of transport such as trucks, ships, or planes.
Inventory Carrying Costs
The total costs associated with holding and storing inventory, including warehousing, insurance, depreciation, and opportunity costs.
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