Suppose That,on Average,electricians Earn Approximately Dollars Per Year in the United

question 74

Multiple Choice

Suppose that,on average,electricians earn approximately dollars per year in the United States.Assume that the distribution for electrician's yearly earnings is normally distributed and that the standard deviation is dollars. Refer to Exhibit 7-2.What is the probability that the average salary of four randomly selected electricians is less than $50,000?

• A)0.2514
• B)0.3707
• C)0.6293
• D)0.7486

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Definitions:

Intra-Entity Transfers

Transactions of goods, services, or funds that occur between units within the same organization.

Consolidated Statement

A financial statement that aggregates the financials of a parent company and its subsidiaries into one document.

Cash Flows

The total amount of money being transferred into and out of a business, influencing its liquidity, operational capability, and financial health.

Noncontrolling Interest

The portion of equity in a subsidiary not directly or indirectly owned by the parent company.