Assume That the Weight Loss for the First Month of a Diet

question 75

Multiple Choice

Assume that the weight loss for the first month of a diet program varies between 6 pounds and 12 pounds, and is spread evenly over the range of possibilities, so that there is a uniform distribution. Find the probability of the given range of pounds lost.
-Less than 11 pounds

• A) \(\frac { 5 } { 7 }\)
• B) \(\frac { 1 } { 6 }\)
• C) \(\frac { 5 } { 6 }\)
• D) \(\frac { 1 } { 3 }\)

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Definitions:

Carrying Cost

This is the total cost of holding inventory, including storage, handling, insurance, and opportunity costs.

Fixed Cost

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance.

Variable Cost

Costs that change in proportion to the good or service that a business produces.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.