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

question 119

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.
-Between 7.5 pounds and 9 pounds

• A) \(\frac { 3 } { 4 }\)
• B) \(\frac { 1 } { 2 }\)
• C) \(\frac { 1 } { 3 }\)
• D) \(\frac { 1 } { 4 }\)

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Definitions:

Total Revenue

The overall amount of money generated by a firm from its sales activities before any expenses are subtracted.

Marginal Cost Curve

It illustrates the change in total cost that arises when the quantity produced is incremented by one unit; this is the cost of producing one additional unit of a good.

Short-Run Supply

The supply provided by firms in the short term when at least one input, usually capital, is fixed.

Economic Profit

The contrast between the aggregate income and complete costs, both visible and unseen, of a company.