Assume That X Has a Normal Distribution, with the Specified $\le$

question 39

Multiple Choice

Assume that x has a normal distribution, with the specified mean and standard deviation. Find the indicated probabilities. P(1 $\le$ x $\le$ 18) $\mu$ = 12; $\sigma$ = 4

• A)0.997
• B)0.067
• C)0.106
• D)0.930
• E)0.003

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Definitions:

Stop Payment Order

A request made to a bank by an account holder not to pay a check or payment that has been issued but not yet cashed.

Banker's Acceptance

A short-term financial instrument issued by a company but guaranteed by a bank as accepted for payment at a future date, often used in international trade.

Electronic Funds Transfers

The electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems.

POS

Point Of Sale; a system used at retail locations to manage sales, inventory, and customer transactions.