Simons,Inc

question 119

Essay

Simons,Inc.sells plasticware.The following information summarizes Simons' operating activities for the year:

Prepare an income statement for Simons,Inc. ,a merchandiser,for the year ended December 31 using the format below:

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Definitions:

Random Variable

A variable whose numerical values stem from unpredictable phenomena.

Normally Distributed

Describes a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Starting Salaries

The initial amount of money that an employee earns annually when beginning a new job.

Standard Deviation

A system for evaluating the degree of dispersion or deviation among a collection of statistics.