Use Technology to Solve the Following Problem: a Ferry Will

question 118

Multiple Choice

Use technology to solve the following problem: A ferry will safely accommodate 79 tons of passenger cars. Assume that the mean weight of a passenger car is 1.9 tons with standard deviation 0.5 tons. If a random sample of 39 cars are loaded onto the ferry, what is the probability that the Maximum safe weight will be exceeded?

• A) 0.0516
• B) 0.9417
• C) 0.0583
• D) 0.0669

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Definitions:

Dividend Reinvestment Plans

Programs offered by corporations allowing investors to automatically reinvest dividends paid out by the stock into additional shares, potentially increasing their holdings over time.

New Stock

Shares that are issued for the first time by a company to the public in the primary market.

Open Market Purchase

The buying of shares of a company through the stock market by individuals or companies.

Stock Split

A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the market capitalization remains the same.