The Owner of a Fish Market Determined That the Mean

question 154

Multiple Choice

The owner of a fish market determined that the mean weight for a catfish is 3.2 pounds with a standard deviation of 0.8 pound.A citation catfish should be one of the top 2% in weight.Assuming the weights of catfish are normally distributed,at what weight (in pounds) should the citation designation be established?

• A)1.56 pounds
• B)4.84 pounds
• C)5.20 pounds
• D)7.36 pounds

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Definitions:

Locally Responsive

The ability of a business to adapt its products, services, and operations to meet the specific demands and preferences of local markets.

Globally Integrated

Refers to entities such as economies, businesses, or systems that are interconnected and interdependent across the world.

Location Economies

The cost advantages obtained by a business due to its geographical position or the location of its resources and operations.

Meganational Strategy

A business strategy that seeks to operate and compete across multiple countries and regions, often by adapting products and practices to local conditions while maintaining overarching global standards.