Suppose That,on Average,electricians Earn Approximately µ = $54,000 Per Year

question 22

Multiple Choice

Suppose that,on average,electricians earn approximately µ = $54,000 per year in the United States.Assume that the distribution for electricians' yearly earnings is normally distributed and that the standard deviation is σ = $12,000 dollars.What is the probability that the average salary of four randomly selected electricians is more than $50,000 but less than $60,000?

• A) 0.5899
• B) 0.7486
• C) 0.8413
• D) 0.9048

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Definitions:

Stockholders' Equity

Ownership interest reflected by what is left of a company's assets once liabilities have been deducted.

Account Payable

Liabilities or amounts owed by a business to its creditors or suppliers for goods and services received but not yet paid for.

Liabilities

Financial obligations or debts that a company owes to others, which are due to be paid in the future.

Total Assets

The sum of all assets owned by a company, including both current and non-current assets, representing the total resources the company has at its disposal.