An Analyst Is Forecasting Net Income for Excellence Corporation for the Next

question 134

Multiple Choice

An analyst is forecasting net income for Excellence Corporation for the next fiscal year. Her low-end estimate of net income is $250,000, and her high-end estimate is $350,000. Prior research allows her to assume that net income follows a continuous uniform distribution. The probability that net income will be greater than or equal to $337,500 is ________.

• A) 12.5%
• B) 29.6%
• C) 87.5%
• D) 96.4%

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Definitions:

Interchangeable Subjects

Refers to participants in a study being considered as equivalent and replaceable for the purposes of the research, without affecting the outcome.

Research Interviewing

A method of collecting data by directly questioning individuals to elicit detailed information.

Interviewer Roles

The functions and responsibilities assigned to the interviewer in the context of conducting interviews, including question asking, listening, and data recording.

Anonymity

The state of being anonymous, where someone's identity is unknown or deliberately concealed.