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The Ransin Sports Company Has Noted That the Size of Individual

question 8

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The Ransin Sports Company has noted that the size of individual customer orders is normally distributed with a mean of $112 and a standard deviation of $9. Which of the following is the answer for the probability that the next individual who buys a product will make a purchase of more than $116?


Definitions:

75% Threshold

Often refers to a specified level of ownership, control, or approval, commonly indicating the portion of voting rights required to pass certain resolutions or to meet regulatory requirements.

Total Group Sales Revenue

This refers to the total revenue generated from sales activities by all entities within a corporate group, including both the parent company and its subsidiaries.

Geographical Segments

Portions of a business that operate in different geographical regions, allowing for region-specific financial analysis and reporting.

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