Average Annual Revenue Suppose That the Average Annual Revenue of a Small

question 87

Short Answer

Average Annual Revenue
Suppose that the average annual revenue of a small business is $150,000 with a standard deviation of $40,000.Assume that the revenue distribution is normal. ​ ​
-{Average Annual Revenue Narrative} What is the probability that the average annual revenue of a random sample of 4 businesses is less than $120,000?

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Definitions:

Psychological Assessment

A comprehensive evaluation of an individual’s mental health and behavior using tests, interviews, and observations.

DSM-5

A key resource for healthcare providers, the DSM-V serves as the official manual for diagnosing mental disorders.

Systematic Gathering

The process of collecting data or information in a structured and methodical way for analysis and research purposes.

EEG

Stands for electroencephalogram, a non-invasive test that measures electrical activity in the brain using small, flat metal discs attached to the scalp.