Use the Following Information for the Question

question 27

Multiple Choice

Use the following information for the question. Male players at the high school, college and professional ranks use a regulation basketball that weighs 22.0 ounces with a standard deviation of 1.0 ounce. Assume that the weights of basketballs are approximately normally distributed.
-Roughly what percentage of regulation basketballs weigh less than 20.7 ounces? Round to the nearest tenth of a percent.

• A)5.7% of the basketballs will weigh less than 20.7 ounces.
• B)40.3% of the basketballs will weigh less than 20.7 ounces.
• C)22.3% of the basketballs will weigh less than 20.7 ounces.
• D)9.7% of the basketballs will weigh less than 20.7 ounces.

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Definitions:

Operating Assets

Assets used by a business in its daily operations to generate income, including cash, inventory, and equipment.

Fixed Costs

Refers to costs that do not change in total regardless of the level of production or sales activity, like rent, salaries, and insurance.

Balanced Scorecard

A strategic planning and management system used to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Performance Measurement

The process of evaluating how effectively and efficiently an organization or individual achieves its objectives.