Solve the Problem. -The Amount of Snowfall Falling in a Certain Mountain Range

question 38

Multiple Choice

Solve the problem.
-The amount of snowfall falling in a certain mountain range is normally distributed with a mean of 74 inches, and a standard deviation of 12 inches. What is the probability that the mean annual snowfall during 36 randomly picked years will exceed 76.8 inches?

• A)0.0026
• B)0.5808
• C)0.4192
• D)0.0808

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Definitions:

Decision Trees

A graphical representation used for making decisions and showing the outcomes of different choices, often used in business for strategic planning or in artificial intelligence for predicting outcomes.

Sequence of Decisions

A series of choices made over time, where the outcome of one decision impacts the choices available in the next decision.

EMV

Expected Monetary Value, a concept used in decision-making under uncertainty, representing the sum of possible outcomes weighted by their respective probabilities and monetary values.

Decision Tree

A decision tree is a graphical representation used to visualize the choices in a decision-making process, their possible outcomes, chance event results, and resource costs, aiding in analysis and planning.