Use the Following Information for the Question

question 32

Multiple Choice

Use the following information for the question. Male players at the high school, college and professional ranks use a regulation basketball that weighs 22.0 ounces with a standard deviation of 1.0 ounce. Assume that the weights of basketballs are approximately normally distributed.
-If a regulation basketball is randomly selected, what is the probability that it will weigh between 20.5 and 23.5 ounces? Round to the nearest thousandth.

• A)0.134
• B)0.704
• C)0.866
• D)0.267

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Definitions:

Share

A unit of ownership interest in a corporation or financial asset, giving the holder a proportionate claim on the company’s assets and profits.

Annual Dividend

The total dividend payment a company distributes to its shareholders for each share held over the course of a year.

Required Rate

Often referred to as the required rate of return, this is the minimum annual percentage return an investor expects to achieve from an investment.

Dividend Growth

The annual rate at which a company's dividends per share increase over time, indicating its ability to consistently raise dividend payments.