What is the length of the inventory period
Denver Interiors, Inc., has sales of $836,000 and cost of goods sold of $601,000. The firm had a beginning inventory of $41,000 and an ending inventory of $47,000. What is the length of the inventory period?
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Describe the distribution of sample mean diameters for samples of size 35. What is the probability that sample of 35 small widgets will have a mean diameter greater than 3.0 inches?
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