Assume That X Has a Normal Distribution, and Find the Indicated

question 7

Multiple Choice

Assume that X has a normal distribution, and find the indicated probability.
-The mean is $\mu = 15.2$ and the standard deviation is $\sigma = 0.9$ . Find the probability that $X$ is greater than $15.2$ .

• A) 0.9998
• B) 1.0000
• C) 0.5000
• D) 0.0003

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Definitions:

Tariff

A tax imposed by a government on imports or exports of goods, often used to protect domestic industries or generate revenue.

Quantity of Imports

The total amount of goods and services brought into a country from abroad for domestic consumption.

Equilibrium

A condition where the supply and demand in the market are in equilibrium, leading to stable pricing.

Economies of Scale

Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.