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:

Word-of-mouth Communication

The informal transfer of information, thoughts, or opinions from one person to another without the use of formal advertising or marketing channels.

Headhunter

A headhunter is an individual working for an executive search firm who seeks out qualified individuals for higher-level positions.

Selection

Is concerned with identifying the best candidate or candidates for a job from among the pool of qualified applicants developed during the recruiting process.

Qualified Applicants

Individuals who meet the necessary skills, experience, and educational requirements that are set for a particular job position.