The Average Time a Subscriber Spends Reading the Local Newspaper

question 126

Multiple Choice

The average time a subscriber spends reading the local newspaper is 49 minutes.Assume the standard deviation is 16 minutes and that the times are normally distributed.What is the probability a subscriber will spend at least 1 hour reading the paper?

• A).9987
• B).7549
• C).2451
• D).0013

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Definitions:

Financial Statement Analysis

The process of evaluating and interpreting a company's financial statements to understand its financial health.

Common Tools

Generic equipment or instruments used across various jobs or tasks, not specialized for any particular profession or activity.

Comparative Balance Sheet

Financial statements that present the financial position of a company at different points in time for comparison.

Common-Size Percentages

Financial analysis tool that converts income statement and balance sheet figures to percentages of a common base for comparison purposes.