A New Phone System Was Installed Last Year to Help

question 64

Multiple Choice

A new phone system was installed last year to help reduce the expense of personal calls that were being madeby employees. Before the new system was installed, the amount being spent on personal calls followed anormal distribution with an average of $500 per month and a standard deviation of $50 per month. Refer tosuch expenses as PCEʹs (personal call expenses) . Using the distribution above, what is the probability that arandomly selected month had a PCE of between $375.00 and $590.00?

• A) 0.9579
• B) 0.0421
• C) 0.9999
• D) 0.0001

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Definitions:

Channel Member

A participant in the marketing channel, such as a retailer or distributor, through which goods and services flow from producers to consumers.

Channel Circumvention

A distribution strategy where a producer sells their products directly to consumers, bypassing intermediary levels of distribution.

Disintermediation

A source of channel conflict that occurs when a channel member bypasses another member and sells or buys products direct.

Directly Sells

The practice of selling products or services directly to the consumer in a non-retail environment, avoiding traditional retail channels.