It Has Been Reported That the Average Time to Download

question 95

Multiple Choice

It has been reported that the average time to download the home page from a government website was 0.9 seconds.Suppose that the download times were normally distributed with a standard deviation of 0.3 seconds.If random samples of 36 download times are selected 80% of the sample means will be between what two values symmetrically distributed around the population mean.

• A)[.648 1.152]
• B)[.836 .964]
• C)[.514 1.280]
• D)[.858 .942]

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Definitions:

Average Payment Period

The average time it takes a company to pay off its accounts payable.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Average Sales Period

The average amount of time it takes for a company to sell its inventory, which can reflect its inventory management efficiency.

Liquidity

The ability of an entity to quickly convert its assets into cash or to pay off its current liabilities.