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In Melanie's Styling Salon, the time to complete a simple haircut is normally distributed with a mean of 25 minutes and a standard deviation of 4 minutes. For a simple haircut, the middle 90 percent of the customers will require:
Rate of Return
The rate of return is a measure of the profitability of an investment, calculated as the percentage of the total amount of returned income to the amount of the investment’s initial cost.
Annual Dividend
An annual profit sharing from a corporation to its shareholders, usually in the form of a payment.
Future Value
The future financial worth of an asset or cash that equates to a designated current sum.
Cash Flows
The whole summation of cash transfers affecting a business's in and outflows, prominently affecting its quick access to funds.
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