The Time It Takes a Parent to Assemble a Children's

question 51

True/False

The time it takes a parent to assemble a children's bicycle has been shown to be normally distributed with a mean equal to 295 minutes with a standard deviation equal to 45 minutes.Given this information,the probability that it will take a randomly selected parent more than 220 minutes is about 0.0475.

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Definitions:

Acid-test Ratio

A stringent test that measures the liquidity of a company by comparing its most liquid assets (excluding inventory) against its short-term liabilities.

Receivable Turnover

A financial ratio that measures how efficiently a company collects on outstanding accounts receivable during a particular period.

Inventory Turnover

A financial ratio indicating how many times a company has sold and replaced inventory over a period.

Current Ratio

It's a measure of a corporation's capability to meet its immediate financial obligations using its current assets.