The Price of a Gallon of Milk Follows a Normal

question 50

Multiple Choice

The price of a gallon of milk follows a normal distribution with a mean of $3.20 and a standard deviation of $0.10. What proportion of the milk vendors had prices that were less than $3.075 per gallon?

• A) 0.8944
• B) 0.2112
• C) 0.3944
• D) 0.1056

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Definitions:

Promotional Tool

A method or strategy used by businesses to communicate, inform, and persuade potential customers about their products or services.

Campaign

A coordinated series of activities or strategies designed to achieve a specific goal, often used in marketing, political, or social contexts.

Promotional Activity

Initiatives undertaken by businesses to market their products or services to attract and engage customers, ranging from advertising to personal selling and beyond.

Off-Season

A period outside the peak times for certain activities, often characterized by fewer customers and lower prices.