JewelMistCom Estimates the Cost of Relocating Its Headquarters to Los

question 13

Multiple Choice

JewelMist.com estimates the cost of relocating its headquarters to Los Gatos, CA with a normal distribution centered on $9.5 million and having a standard deviation of $1.1 million.JewelMist wants to budget for the move so that there's only a 1% chance that the actual cost will exceed the budgeted amount.JewelMist should budget how many millions of dollars.

• A)11.725
• B)9.901
• C)11.882
• D)12.063
• E)10.926

---

Definitions:

Cultural Competence

The ability of individuals and organizations to effectively interact, work, and engage with people from different cultural backgrounds.

Viewpoints

The positions or perspectives from which something is considered or evaluated, reflecting a person's attitude, beliefs, or knowledge on a subject.

Diversity

The representation of a range of different identities and differences (such as ethnicity, gender, age, sexual orientation, disability, and cultural background) within a group or organization.

In-group Collectivism

The tendency of individuals in a group to prioritize and value the goals, needs, and well-being of the group over individual concerns.