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

question 227

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 between $14.3$ and 16.1.

• A) 0.3413
• B) 0.6826
• C) 0.1587
• D) 0.8413

Comprehend the impact of technology flexibility on facility consolidation.

Grasp the relationship between the number of facilities and inventory and facility costs.

Appreciate how the supply chain network design maximizes total profits.

Recognize the long-term impact of network design decisions on supply chain performance.

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Definitions:

Revenue Tariff

A tariff designed to produce income for the federal government.

Import Quota

A government-imposed limit on the quantity of a specific type of good that can be imported into a country over a set period of time.

Protective Tariff

A tariff imposed by a country on imported goods to protect domestic industries from foreign competition by making imported goods more expensive.

Export Subsidy

A government policy to encourage export of goods and discourage sale within the domestic market through direct payments, tax relief for exporters, or subsidizing part of the cost.