Exhibit 6-7 The Weight of Items Produced by a Machine Is Normally

question 59

Multiple Choice

Exhibit 6-7
The weight of items produced by a machine is normally distributed with a mean of 8 ounces and a standard deviation of 2 ounces.
-Refer to Exhibit 6-7. What is the probability that a randomly selected item will weigh between 11 and 12 ounces?

• A)0.4772
• B)0.4332
• C)0.9104
• D)0.0440

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.

Value Creation

The process of enhancing or producing goods, services, or ideas that have a higher worth to customers or stakeholders than the original cost of inputs.

Linear Process

A sequential process that follows a straight line or step-by-step progression where the output of one step becomes the input of the next step.

Short-Term Perspective

A focus or outlook that emphasizes immediate results, benefits, and consequences, often at the expense of long-term considerations.