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An executive at the accounting firm is interested in measuring the average quarterly earnings at each of the companies several hundred agricultural investment firms. The
An executive at the accounting firm is interested in measuring the average quarterly earnings at each of the companies several hundred agricultural investment firms. The average earnings for each company is $1.21 million with a standard deviation of $0.473 million.
Use the normal distribution to determine the probability that the earnings for a given firm are between $0.8 and $1.3 million.
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