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The Ticket Sales for Events Held at the New Civic

question 168

Short Answer

The ticket sales for events held at the new civic center are believed to be normally distributed with a mean of 12,000 and a standard deviation of 1,000.
a.What is the probability of selling more than 10,000 tickets?
b.What is the probability of selling between 9,500 and 11,000 tickets?
c.What is the probability of selling more than 13,500 tickets?

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Definitions:

Liabilities

Obligations owed by a business to either creditors or suppliers, often in the form of loans or accounts payable.

Net Income

The amount of money a company has earned after all expenses, including taxes and costs, have been subtracted from total revenue.

Beginning Equity

The amount of owners' equity in a business at the start of an accounting period, reflecting the net value of the business's assets minus its liabilities.

Dividends

Payments made by a corporation to its shareholder members, often derived from the company's profits.

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