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You work in marketing for a company that produces work boots. Quality control has sent you a memo detailing the length of time before the boots wear out under heavy use. They find that the boots wear out in an average of 208 days, but the exact amount of time varies, following a normal distribution with a standard deviation of 14 days. For an upcoming ad campaign, you need to know the percent of the pairs that last longer than six months-that is, 180 days. Use the empirical rule to approximate this percent.
Compensation
Payment, either in cash or kind, provided to someone in exchange for their services or to compensate for injury or loss.
Coverdell Education Savings Account
A tax-advantaged saving account designed to pay for the beneficiary's education expenses, including K-12 and higher education.
Qualified Education Expenses
Expenses required for enrollment or attendance at an educational institution, including tuition, fees, and related costs.
Retirement Plan
A retirement plan refers to financial strategies of saving, investment, and ultimately distribution of money meant to sustain an individual’s standard of living in retirement.
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