The Time Required to Travel Downtown at 10 A

question 129

Multiple Choice

The time required to travel downtown at 10 a.m.on Monday morning is known to be normally distributed with a mean of 40 minutes and a standard deviation of 5 minutes.What is the probability that it will take less than 40 minutes?

• A)0.50
• B)0.20
• C)0.80
• D)1.00

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Definitions:

Growth-Share Matrix

A strategic planning tool that helps companies analyze their business units or product lines based on market growth rate and market share relative to competitors.

Strategic Direction

The long-term path or course of action that an organization intends to follow to achieve its goals and objectives.

Multiproduct Firm

A company that markets and sells multiple product lines under one umbrella, often in related fields.