Solve the Problem. -The Annual Precipitation Amounts in a Certain Mountain Range Are

question 143

Multiple Choice

Solve the problem.
-The annual precipitation amounts in a certain mountain range are normally distributed with a mean of 91 inches, and a standard deviation of 14 inches. What is the probability that the mean annual precipitation during 49 randomly picked years will be less than 93.8 inches?

• A)0.4192
• B)0.0808
• C)0.5808
• D)0.9192

Grasp how different technologies and layouts require coordination and management for operational efficiency.

Understand the evolution of consumer awareness regarding life insurance.

Recognize the varying life insurance needs among different family structures and stages of life.

Comprehend different methods and factors for determining life insurance needs.

---

Definitions:

Wages Increase

The act or occurrence of raising the amount of money that workers are paid for their labor.

Consumer's Optimal

The point at which an individual achieves the best possible satisfaction or utility from the consumption of goods and services, given their budget constraints.

Price of Good

The monetary value assigned to a product or service, determined by various factors including production costs, supply and demand, and competition.

Giffen Good

A product that people consume more of as the price rises, violating the basic law of demand.