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

question 106

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 one business selected at random makes less than $120,000?

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Definitions:

Sporadic Reliability

A term indicating an unpredictable level of reliability, where the performance or function of a system or component is irregular and not consistently dependable.

Hardwired Relay Schematic

A diagram that represents the physical wiring and logic connections of relays within a control system.

Ladder Logic

A graphical programming language used in programmable logic controllers (PLCs) that emulates electrical relay logic circuits.