Keystone is curious how likely they are to reach their annual revenue target. Past experience suggests that annual revenue follows a typical bell-shaped distribution, with a mean of $32 million and a standard deviation of $6 million. Keystone has set a revenue goal of $35 million for this year. How likely are they to reach the target based on the historical data? In order to remain in good standing with investors, Keystone needs to make at least $25 million. What are the chances they fail fall into poor standing with their investors? (Guiding questions: How likely are they to reach the target based on the historical data? What are the chances they fail fall into poor standing with their investors?)
Keystone is curious how likely they are to reach their annual revenue target. Past experience suggests that annual revenue follows a typical bell-shaped distribution, with a mean of $32 million and a standard deviation of $6 million. Keystone has set a revenue goal of $35 million for this year. How likely are they to reach the target based on the historical data? In order to remain in good standing with investors, Keystone needs to make at least $25 million. What are the chances they fail fall into poor standing with their investors?
(Guiding questions: How likely are they to reach the target based on the historical data? What are the chances they fail fall into poor standing with their investors?)
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