Examlex

Solved

A Gasoline Tank for a Certain Model Car Is Designed

question 44

Essay

A gasoline tank for a certain model car is designed to hold 12 gallons of gas. Suppose that the actual capacity of the gas tank in cars of this type is well approximated by a normal distribution with mean 12.0 gallons and standard deviation 0.2 gallons. What is the probability that a randomly selected car of this model will have a gas tank that holds at most 11.7 gallons?


Definitions:

Joint Ventures

Business arrangements where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, project, or business activity.

Dissociated Partnership

The process or status of a partner leaving a partnership, which may alter the partnership's legal and operational status.

Implied Authority

Authority of an agent that is not explicitly stated but rather inferred from the conduct or relationship between the parties.

Dissociation

Dissociation is a legal term that describes the process by which a member of an entity (like a partnership or company) ceases their association with that entity.

Related Questions