A Sample of 500 Evening Students Revealed That Their Annual

question 18

Short Answer

A sample of 500 evening students revealed that their annual incomes were normally distributed with a mean income of $30,000 and a standard deviation of $3,000. How many students earned more than $36,000? _______

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Definitions:

Fair Value Hedge

A risk management strategy that uses financial instruments to mitigate the risk of changes in the fair value of an asset or liability.

Mexican Pesos

The currency of Mexico, abbreviated as MXN.

Foreign Exchange Gain

A profit arising from the increase in value of one currency against another in which a company holds assets or liabilities.

Non-Interest-Bearing Note

A financial instrument that does not accrue interest over its life, promising to pay the principal amount at maturity.