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Home Q & A Board Science-Related Homework Help Mathematics
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Nalu Nalu
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6 years ago
Suppose that the average annual revenue of a small business is 150,000 with a standard deviation of 40,000 . Assume that the revenue distribution is normal. Why are your answers to the previous two questions different?
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#1
6 years ago
The revenue of one business chosen from the population has more variability than the average revenue of 4 businesses. That means that a revenue lower than 120,000 is harder to achieve with an average of 4 businesses, compared to one business.
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