Builtrite Furniture has calculated the average weekly payroll to be $15,000 with a standard deviation of $3,000. What is the probability of a weekly payroll being between $19,050 and $20,550? (Assume a normal distribution.) A) 7.67% B) 8.93% C) 5.63% D) 3.56%

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
Section: Chapter Questions
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Builtrite Furniture has calculated the average weekly payroll to be $15,000 with a standard deviation of $3,000. What is the probability of a weekly payroll being between $19,050 and $20,550? (Assume a normal distribution.)

A) 7.67%

B) 8.93%

C) 5.63%

D) 3.56%

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