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

question 57

Essay

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} Could you have used a normal distribution to find an (approximate)probability for the average of 4 revenues if the population of revenues did not have a normal distribution?

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Definitions:

Low-Frequency Sounds

Sounds that have a low pitch, typically considered to be below 250 Hz, and can range from deeper tones to vibrations.

Brain Regions

Specific areas within the brain, each responsible for different functions, such as memory, emotion, sensory processing, and motor control.

Basilar Membrane

A critical structure within the cochlea of the inner ear, playing a key role in the process of hearing by separating two liquid-filled chambers and contributing to sound wave analysis.

High-Frequency Sounds

Sounds that have a high pitch, usually measured in hertz (Hz), and often are above the upper limit of human hearing.