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A manufacturing company measures the weight of boxes before shipping them to the customers.If the box weights have a population mean and standard deviation of 90 lbs.and 24 lbs. ,respectively,then based on a sample size of 36 boxes,what is the probability that the average weight of the boxes will exceed 94 lbs.?
Gross Profit Percentage
A financial metric expressing the gross profit as a percentage of net sales, showing the efficiency of a company in making and selling its products.
Gross Profit
The difference between sales revenue and cost of goods sold, indicating the profitability of a company's core operations before overhead expenses.
Operating Expenses
The costs associated with a company's main operational activities, excluding the cost of goods sold, interest, and taxes.
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