Amount of Food Sold

question 208

Short Answer

Amount of Food Sold
Suppose the hourly dollar amount of food sold by a local restaurant follows an approximately mound-shaped distribution, with a mean sales level of $400 per hour and a standard deviation of $60 per hour.
-Refer to the Amount of Food Sold statement. During what percentage of working hours does this restaurant sell between $280 and $520 worth of food per hour?

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Definitions:

Close Corporation

A corporation whose shareholders are limited to a small group of persons, often family members.

Shares

Units of ownership in a corporation or financial asset, representing a portion of the company and conferring certain rights and liabilities to the shareholder.

Partnership

A legal arrangement where two or more individuals engage in business together, sharing profits, liabilities, and decision-making.

Close Corporations

Businesses characterized by a small number of shareholders, no public shares, and often more relaxed corporate governance standards.