A Major Credit Card Company Has Determined That Customers Charge

question 120

Essay

A major credit card company has determined that customers charge between $100 and $1,100 per month. If the average monthly amount charged is uniformly distributed, the percent of monthly changes between $311 and $889 is _______.

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Definitions:

Operating Capacity

The maximum output that a company can produce under normal conditions within a given period using its existing resources.

Dividend Payout Ratio

A financial metric that shows the percentage of a company's earnings paid out to shareholders as dividends.

Profit Margin

A financial metric measuring the amount of net income generated as a percentage of revenue, indicating the efficiency of a company in converting sales into profits.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, indicating the company's profitability.