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Find the indicated percentage for the normally distributed variable. Round your answer to two decimal places, if necessary.
-Assume that the weights of nickels are normally distributed with a mean of 5.000 grams and a standard deviation of 0.06 grams. A vending machine will reject all coins with weights more than 1 standard deviation above or below the mean. What percentage of legal nickels will be rejected by the machine?
Financial Accounting Standards Board
The Financial Accounting Standards Board (FASB) is an independent nonprofit organization responsible for establishing and improving financial accounting and reporting standards for the guidance and education of the public, including issuers, auditors, and users of financial information.
Verifiable Evidence
Information or data that can be substantiated or confirmed through observation, measurement, and documentation.
Proprietorships
A type of business entity that is owned and run by one individual with no legal distinction between the owner and the business.
Partnerships
Partnerships indicate a legal form of business operation between two or more individuals who share management and profits.
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