A Plant Manager Knows That the Number of Boxes of Supplies

question 10

Multiple Choice

A plant manager knows that the number of boxes of supplies received weekly is normally distributed with a mean of 200 and a standard of 20.
-A movie theatre manager knows that the number of patrons per movie is normally distributed with a mean of 200 and a standard deviation of 20.What is the number of patrons,x,where 50% are less than x?

• A)532
• B)597
• C)413
• D)200
• E)332

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Definitions:

Standard Price

A predetermined cost assigned to materials, labor, and overhead, used in budgeting and variance analysis.

Revenue Volume Variance

This reflects the difference between actual revenue and the expected revenue that was based on the budget, often attributed to changes in sales volume.

Planned Selling Price Sep## Actual Units Sold

This represents the comparison between the pre-established price at which goods were intended to be sold and the actual number of units sold.

Significant Variances

Major discrepancies between planned and actual figures in budgets, costing, or any financial metric.