Provide an Appropriate Response $0.2881$ B) $0.7881$ C) $0.2119$ D) $0.5517$

question 27

Multiple Choice

Provide an appropriate response.
-Furnace repair bills are normally distributed with a mean of 271 dollars and a standard deviation of 15 dollars. If 36 of these repair bills are randomly selected, find the probability that they have a mean cost between 271 dollars and 273 dollars.

• A) \(0.2881\)
• B) \(0.7881\)
• C) \(0.2119\)
• D) \(0.5517\)

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Definitions:

Persistent

Continuously existing or enduring over a prolonged period.

Price Discrimination

A strategy in pricing where the same provider sells identical or nearly identical products or services for various prices across different markets or to distinct customer groups.

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a mathematical relationship expressing the output that can be produced by a firm or economy from different combinations of factor inputs.

Resale of Goods

The act of selling previously purchased products, often used, to another party.