During the Past Six Months, 73

question 5

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 $10.00 on sugar.

• A) .7320
• B) .9474
• C) .0528
• D) .2680

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Definitions:

Cross-Docking

A logistics practice where incoming shipments are unloaded directly onto outbound vehicles, minimizing storage time.

Just-In-Time

An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

Immediate Response System

A technology or service designed to provide instant feedback or reaction to input or inquiries, commonly used in customer service and educational settings.

Total Logistics Cost

The overall expenses associated with the logistics functions of a company, including transportation, warehousing, inventory management, order processing, and administration.