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

question 35

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 more than $50,000 but less than $60,000?

• A)0.5899
• B)0.7486
• C)0.8413
• D)0.9048

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Definitions:

Bank Service Charge

Fees charged by banks for various services provided to customers, such as account maintenance or transaction processing.

Petty Cash Custodian

An individual responsible for managing a petty cash fund, disbursing small amounts of cash for minor expenses, and maintaining records of these transactions.

Deposit In Transit

Refers to money that has been received and recorded by a business but has not yet been reflected in the bank's records.

Documentation Procedures

The protocols and guidelines for preparing and handling documents and records in a systematic manner.