The Distribution of the Annual Incomes of a Group of Middle

question 43

Multiple Choice

The distribution of the annual incomes of a group of middle management employees approximated a normal distribution with a mean of $37,200 and a standard deviation of $800. About 68% of the incomes lie between what two incomes?

• A)$30,000 and $40,000
• B)$36,400 and $38,000
• C)$34,800 and $39,600
• D)$35,600 and $38,800

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Definitions:

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which may lower the stock price and make shares more affordable to investors.

Market Value

The present cost at which a service or asset is available for purchase or sale on the open market.

Stock Price

The cost at which a share of stock is bought or sold in the market, influenced by various economic factors.

Stock Split

A corporate action whereby a company increases the number of its shares to reduce the price of each share, making them more affordable to investors without changing the shareholders' equity.