A Continuous Random Variable X Is Normally Distributed with a Mean

question 29

Short Answer

A continuous random variable x is normally distributed with a mean of 120 grams and a standard deviation of 30 grams.Convert x = 106 into its corresponding z-score.

---

Definitions:

Controllable Margin

A financial metric that represents the amount of profit or contribution margin that management can directly influence through its decisions.

Operating Assets

Assets that a business uses for its day-to-day operational activities to generate revenue, excluding investment and non-operational assets.

Return on Investment

A financial ratio that calculates the profitability of an investment by dividing the net profit by the initial cost of the investment.

Controllable Margin

The portion of profit or income that a manager can directly influence by controlling costs or increasing sales.