Montana Highways
a Recent Survey in Montana Revealed That 60 $\le$

question 58

Essay

Montana Highways
A recent survey in Montana revealed that 60% of the vehicles traveling on highways,where speed limits are posted at 70 miles per hour,were exceeding the limit.Suppose you randomly record the speeds of ten vehicles traveling on US 131 where the speed limit is 70 miles per hour.Let X denote the number of vehicles that were exceeding the limit.
-{Montana Highways Narrative} Find P(3 $\le$ X $\le$ 6).

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Definitions:

Fixed Cost

Expenses that do not change as a function of the activity of a business, within the relevant period.

Marginal Cost

The cost of producing one additional unit of a product.

Average Total Cost

The total cost divided by the quantity of output produced, indicating the average cost per unit of output.

Total Cost

The complete cost of production for a business, including both fixed and variable costs.