An Analyst Is Forecasting Net Income for Excellence Corporation for the Next

question 134

Multiple Choice

An analyst is forecasting net income for Excellence Corporation for the next fiscal year. Her low-end estimate of net income is $250,000, and her high-end estimate is $350,000. Prior research allows her to assume that net income follows a continuous uniform distribution. The probability that net income will be greater than or equal to $337,500 is ________.

• A) 12.5%
• B) 29.6%
• C) 87.5%
• D) 96.4%

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Definitions:

Small Intestine

A part of the gastrointestinal tract that runs between the stomach and the large intestine, responsible for most of the digestion and absorption of nutrients.

Amoxicillin

An antibiotic used to treat a wide variety of bacterial infections by inhibiting the growth of bacteria.

Oral Suspension

A liquid form of medication where small particles of the drug are dispersed in a liquid base, intended for oral administration.

Medication

Chemical substances used to diagnose, treat, or prevent disease and improve health.