FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The annual profit of major companies in a certain country is normally distributed with a mean of = 462 billion dollars and a standard deviation

The annual profit of major companies in a certain country is normally distributed with a mean of = 462 billion dollars and a standard deviation of = 110 billion dollars. Use the 68-95-99.7 rule to approximate the percentage of companies that have an annual profit between 242 and 682 billion dollars

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra and Trigonometry

Algebra and Trigonometry

Authors: Ron Larson

10th edition

9781337514255, 1337271179, 133751425X, 978-1337271172

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Epic Trucking's equity has a market value of $15 million with 700,000 shares outstanding. The book value of its equity is $9 million. a. What is Epic's stock price per share? What is its book value...

Answered: 1 week ago

Question

★★★★★
When would data mining be helpful?O a book store needs to schedule employee shiftsO a software company needs to make a crucial design decisionO an accountant needs to calculate income tax for a local...

Answered: 1 week ago

Question

★★★★★
7. What are the major problems with a simple dichotomy between objective and subjective time? Hands-on exercise

Answered: 1 week ago

Question

★★★★★
Job costing, accounting for manufacturing overhead, budgeted rates. The Solomon Company uses a job-costing system at its Dover, Delaware, plant. The plant has a Machining Department and a Finishing...

Answered: 1 week ago

Question

★★★★★
What is the probability of someone correctly guessing your Social Security number on the first attempt?(Assume all digits 0-9 are available for use)( Hint:does order matter ?)

Answered: 1 week ago

Question

★★★★★
(12 pts.) Running times of counting. Consider an n-bit counter that counts from 0 to 2n1. At each step, its value is incremented. For example, when n=5, the counter has the following values: The...

Answered: 1 week ago

Question

★★★★★
Required information Problem 4-3A Prepare the bank reconciliation and record cash adjustments (L04-5) [The following information applies to the questions displayed below.) The cash records and bank...

Answered: 1 week ago

Question

★★★★★
The real risk-free rate (r) is 2.8% and is expected to remain constant. Inflation is expected to be 7% per year for each of the next two years and 6% thereafter. The maturity risk premium (MRP) is...

Answered: 1 week ago

Question

★★★★★
"Innovative ideas are always prominence in entrepreneurship". Briefly explain any FIVE (5) methods to generate new ideas for business. Explain 5 reason why can other companies just copy 3M's...

Answered: 1 week ago

Question

★★★★★
Clooney Corp, establishes a petty cash fund for $225 and issues a credit card to its office manager. By the end of the month, employees made one expenditure from the petty cash fund (entertainment,...

Answered: 1 week ago

Question

★★★★★
! Required information E4-3, E4-4 and E4-5 Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing...

Answered: 1 week ago

Previous Question Next Question