Percent of the executives
The weekly mean income of a group of executives is $1000 and the standard deviation of this group is $100. The distribution is normal. What percent of the executives have an income of $925 or less?
About 15%
About 85%
About 50%
About 23%
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Recommended (90%)
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One study found that the average amount spent on textbooks by students is $434.75 per semester with a standard deviation of $77. If the expenditures on textbooks are normally distributed, then the probability of spending above what amount is 18%?
TLC Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on jobs that it currently isn't equipped to do. Estimates regarding each machine are provided below.
The mean of a normal probability distribution is 500 and the standard deviation is 10. About 95 percent of the observations lie between what two values?
DDF Corporation sold land it had used for parking and storage for 20 years for $575,000. Its basis in the land was $68,000. It also sold some manufacturing equipment for $125,000 that it replaced with more modern equipment.
Madison Corp had two issues of securities outstanding-common stock and a 5 percent convertible bond issue in the face amount of $10,000,000. Interest payment dates of the bond issue are June 30 and December 31.
What pay-off do bondholders expect to receive in the event of a recession? What is the promised return on the company's debt?
Martin, a securities dealer, bought 100 shares of Datacard stock on April 5 of year 5 for $10,500. Before the end of that day, he identi?ed the stock as being held for investment purposes.
Luby office supply company reccently changed its system of internal control over cash disbursements. The system includes the following features.
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