Question
A large American company plans to invest in Mexico and needs to provide evidence to investors in Mexico that the company will succeed in Mexico.
A large American company plans to invest in Mexico and needs to provide evidence to investors in Mexico that the company will succeed in Mexico. The distribution of quarterly sales Q for the last 10 years is approximately normal with a mean of 23.7 million dollars and standard deviation of 9.45 million dollars. The dollars need to be converted to pesos. Currently 1 dollar = 18.95 pesos. That is, if M = a randomly selected quarter's sales in dollars, M = 18.95Q. Which of the following is correct about the probability distribution of M? I. The shape will be approximately normal. II. mean = 23.7 million pesos III. standard deviation = 179.08 million pesos
Group of answer choices
1. I and III
2. I only
3. I, II, and III
4. II and III
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