At a Large Department Store, the Average Number of Years

question 35

Multiple Choice

At a large department store, the average number of years of employment for a cashier is 5.7 with a standard deviation of 1.8 years, and the distribution is approximately normal. If an employee is picked at random, what is the probability that the employee has worked at the store for over 10 years?

• A) 99.2%
• B) 49.2%
• C) 1.7%
• D) 0.8%

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Definitions:

Account Balances

The amounts of money held in or owed on an account at a particular point in time.

Retained Earnings

The portion of a company's profits that is not distributed as dividends to shareholders but is kept within the company for reinvestment.

Restriction/Appropriation

The limitation of retained earnings distribution specified by management or shareholders, often for specific purposes like future investments or debt repayment.

Stockholders' Equity

Refers to the residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest in the company.