The Profit Realized by the Sales of a Particular Item

question 11

Multiple Choice

The profit realized by the sales of a particular item follows a normal distribution with a mean of $0.5 million per quarter and a standard deviation of $0.1 million per quarter. What percent of the quarters can be expected to see a profit of at least $0.5 million?

• A)50%
• B)40%
• C)60%
• D)10%

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Definitions:

Flowering Plants

Plants belonging to the group Angiosperms, characterized by bearing flowers and seeds enclosed within a fruit.

Conifers

A group of cone-bearing seed plants with vascular tissue, mostly evergreens, that include pines, spruces, and firs.

Age

A measurement of the length of time an individual, organism, or object has existed, typically expressed in units such as years, months, or days.

Twig

A small, slender branch of a tree or shrub, often representing the growth of the current or previous year.