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The Distribution of the Number of Loaves of Bread Sold

question 87

Short Answer

The distribution of the number of loaves of bread sold per day by a large bakery over the past 5 years has a mean of 7,750 and a standard deviation of 145 loaves. Suppose a random sample of n = 40 days has been selected. What is the approximate probability that the average number of loaves sold in the sampled days exceeds 7,895 loaves?

Understand how net income is divided among partners based on capital, salaries, and predetermined ratios.
Knowledge of the allocation of net loss among partners.
Understand the principle of fair market value in the contribution of assets to a partnership.
Understand and calculate partners' capital balance adjustments after income distribution.

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