During the Past Six Months, 73

question 130

Multiple Choice

During the past six months, 73.2 percent of U.S. households purchased sugar. Assume that these expenditures are approximately normally distributed with a mean of $8.22 and a standard deviation of $1.10. Find the probability that a household spent more than $16.00 on sugar.

• A) 1.00
• B) .00
• C) .50
• D) .98

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Definitions:

Multinational Firm

A company that operates in multiple countries, managing production or delivering services in more than one country outside of its home country.

Unique Parts

Distinctive components or aspects of a product or service that set it apart from competitors in the market.

Multidomestic Marketing Strategy

A strategy where a company customizes its product offering and marketing tactics to cater to local tastes and preferences in each country it operates.

Cultural Similarities

Aspects of cultures that are shared or similar among different groups or societies.