Examlex
The owner of a fish market determined that the average weight for a rainbow trout is 3.2 kilograms with a standard deviation of 0.8 kilogram.Assuming the weights of rainbow trout are normally distributed,the probability that a randomly selected rainbow trout will weigh more than 4.4 kilograms is ________.
Inventory Turnover
A metric indicating the number of times a business's stock is sold and replenished during a specific timeframe.
Net Sales
Sales revenue minus deductions for returns, allowances for damaged or missing items, and discounts.
Semiannually
Occurring twice a year or every six months, often used in the context of payments, interest accrual, or reporting periods.
Average Inventory
An accounting measure used to estimate the value or quantity of inventory over a period, typically calculated as the sum of the starting and ending inventory divided by two.
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