A Normal Distribution Has a Mean of 500 and a Standard

question 19

Multiple Choice

A Normal distribution has a mean of 500 and a standard deviation of 50.A manager wants to simulate two values from this distribution,and has drawn these random numbers: -0.60 and +1.40.Respectively,the two values are:

• A) 640 and 440.
• B) 470 and 570.
• C) 570 and 470.
• D) 440 and 640.
• E) none of the choices are correct.

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Definitions:

Break-Even

The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and one has "broken even."

Monthly

Pertaining to or calculated for a period of one month.

Variable Expense

Expenses that fluctuate with changes in production volume or level of activity, similar to variable costs.

Operating Leverage

A measure of how revenue growth translates into growth in operating income.