Students Who Have Completed a Speed Reading Course Have Reading

question 30

Multiple Choice

Students who have completed a speed reading course have reading speeds that are normally distributed with a mean of 950 words per minute and a standard deviation equal to 220 words per minute. Based on this information, what is the probability of a student reading at more than 1400 words per minute after finishing the course?

• A) 0.0202
• B) 0.5207
• C) 0.4798
• D) 0.9798

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Definitions:

Total Economic Profit

Total economic profit is the difference between a firm's total revenues and its total costs, including both explicit and implicit costs.

Profitable Level

Refers to the point at which a business or operation generates revenue exceeding its costs, leading to financial gain.

Output

is the total amount of goods and services produced by an economy, firm, or production process.

Market Price

The actual selling price of a good or service in the marketplace, influenced by supply and demand.