Question

Anna has a small business. Her mean revenue over the past 10 years is $85,000 with standard deviation of 2200. Anna earned 55% of her mean revenue by December 31, 2020. How much money does Anna want to have by year's end?

Answer 1

$121,000

Explanation:

Mean = $85000

Standard deviation = $2200

55% of mean revenue at the end of the year will be :

0.55 * $2200

0.55 * 2200

= $121,000

Hence, Anna wants to have $121,000 by year end