The Mean of a Normally Distributed Group of Weekly Incomes

question 9

Multiple Choice

The mean of a normally distributed group of weekly incomes of a large group of executives is $1,000 and the standard deviation is $100. What is the z-score for an income of $1,100?

• A) 1.00
• B) 2.00
• C) 1.683
• D) -0.90

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Definitions:

Revenues

The total income generated from the sale of goods or services related to a company’s primary operations.

Statement of Financial Position

Another term for balance sheet, showing the company's assets, liabilities, and equity at a specific point in time.

Operating Statement

Another term for an income statement, which shows a company's revenue and expenses over a specific period, resulting in the net profit or loss.