The Daily Revenue from the Sale of Fried Dough at a Local

question 4

Multiple Choice

The daily revenue from the sale of fried dough at a local street vendor in Boston is known to be normally distributed with a known standard deviation of $120.The revenue on each of the last 25 days is noted,and the average is computed as $550.Construct a 95% confidence interval for the population mean of the sale of fried dough by this vendor.

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Definitions:

Fiscal Year

A one-year period that companies and governments use for accounting purposes and preparing financial statements, which may or may not align with the calendar year.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as factories.

Book Of Final Entry

Book that receives information about business transactions from a book of original entry (a journal). Example: a ledger.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to ensure that total debits equal total credits.