What Amount of Cash Was Available for Safe Payments, Based

question 63

Multiple Choice

What amount of cash was available for safe payments, based on the above information?

• A) $30,000.
• B) $85,000.
• C) $25,000.
• D) $35,000.
• E) $40,000.

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Definitions:

Probability

The measure or quantification of how likely an event is to occur, expressed as a number between 0 (impossible) and 1 (certain).

NORM.DIST

A function in statistics that returns the normal distribution for a specified mean and standard deviation.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used to estimate the precision of a sample mean.

Population Standard Deviation

A measure of the dispersion of a set of data values from their mean, calculated for the entire population.