The True Length of Boards Cut at a Mill with a Listed

question 103

Short Answer

The true length of boards cut at a mill with a listed length of 10 feet is normally distributed with a mean of 123 inches and a standard deviation of 1 inch.What proportion of the boards will be over 125 inches in length?

---

Definitions:

Economic Growth

An increase in a country's production of goods and services over time, shown by a rise in its Gross Domestic Product (GDP).

Private Property Rights

The legal rights to possess, use, and dispose of land or belongings owned by an individual or entity.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Wealth-Creating Assets

Resources or investments that have the potential to generate income or appreciate in value over time, contributing to an individual's or entity’s financial wealth.