A Sample of 500 Evening Students Revealed That Their Annual

question 40

Multiple Choice

A sample of 500 evening students revealed that their annual incomes were normally distributed with a mean income of $50,000 and a standard deviation of $4,000. How many students earned more than $55,000?

• A) 53
• B) 197
• C) 303
• D) 35

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Definitions:

Trust Receipt

A notice provided by the bank to a buyer who has taken out a short-term loan to purchase goods, with the bank holding the title to those goods until the loan is repaid.