Use the Following Information to Answer the Question

question 4

Multiple Choice

Use the following information to answer the question. The economic impact of an industry, such as sport fishing, can be measured by the retail sales it generates. In 2006, the economic impact of great lakes fishing in states bordering the great lakes had a mean of $318 and a standard deviation of $83.5. Note that all dollar amounts are in millions of dollars. Assume the distribution of retail sales is unimodal and symmetric. (Source: National Oceanic and Atmospheric Administration) .
-For what percentage of great lakes states would you expect the economic impact from fishing to be between $234.5 and $401.5 (in millions of dollars) ?

• A)68%
• B)Nearly all
• C)95%
• D)None of these

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Definitions:

Credit Card

A plastic card issued by a financial institution that allows the holder to borrow funds to pay for goods and services.

Repayment

The act of paying back money that was borrowed from a lender.

Homestead Exemption

A law permitting a debtor to retain the family home, either in its entirety or up to a specified dollar amount, free from the claims of unsecured creditors or trustees in bankruptcy.

Debtor

An individual or entity that owes money or an obligation to another, called the creditor.