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The amount of soda a dispensing machine pours into a 12-ounce can of soda follows a normal distribution with a mean of 12.45 ounces and a standard deviation of 0.30 ounce. Each can holds a
Maximum of 12.75 ounces of soda. Every can that has more than 12.75 ounces of soda poured into
It causes a spill and the can must go through a special cleaning process before it can be sold. What
Is the probability that a randomly selected can will need to go through this process?
Portfolio
A portfolio consisting of various financial instruments such as stocks, bonds, commodities, cash, and cash alternatives, along with mutual funds and ETFs.
Risk Averse
The preference to avoid uncertainty, expressing a behavior where individuals prefer known risks over unknown outcomes.
Financial Investment
Allocating money into an asset or a project with the expectation of generating income or profit.
Government Bond
A type of investment where an investor loans money to a government in exchange for periodic interest payments plus the return of the bond's face value at maturity.
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