During the Past Six Months,73

question 24

Multiple Choice

During the past six months,73.2% of US households purchased sugar.Assume that these expenditures are approximately normally distributed with a mean of $8.22 and a standard deviation of $1.10.99% of the households spent less than what amount?

• A)$5.66
• B)$10.78
• C)$6.81
• D)$9.63

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Definitions:

Ledger

A group of accounts that records data from business transactions.

Withdrawals Account

An account used to track the money that an owner takes out of the business for personal use, also known as draws.

Capital Account

A financial statement that shows the changes in a company's equity, including contributions by and distributions to owners over a period.

Withdrawals Account

A record of the money taken out of a business by its owner(s) for personal use.