If We Know That the Length of Time It Takes

question 114

Multiple Choice

If we know that the length of time it takes a college student to find a parking spot in the library parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of 1 minute,75.8% of the college students will take more than how many minutes when trying to find a parking spot in the library parking lot?

• A)2.8 minutes
• B)3.2 minutes
• C)3.4 minutes
• D)4.2 minutes

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Definitions:

Sales Price

The amount at which goods or services are sold to customers, sometimes before discounts, taxes, or additional charges.

Equipment Cost

The total expense incurred in purchasing and preparing equipment for its intended use, including acquisition, delivery, and setup costs.

Land Account

An account in the financial statements that tracks the cost of land owned by a company.

Depletion Charge

A depletion charge is an accounting technique used to allocate the cost of extracting natural resources from the Earth over the period those resources are consumed.