Dallas Green Homes Uses a Normal Curve to Estimate Next

question 64

Multiple Choice

Dallas Green Homes uses a normal curve to estimate next year's demand.The distribution has a mean of 163 units and a standard deviation of 36 units.According to this demand distribution, how likely is it that demand will be less than 80 units?

• A).0362
• B).0551
• C).0104
• D).0989
• E).1127

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, due to higher market prices.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Financial Viability

The ability of an entity or project to manage its expenses and generate sufficient revenue to continue operating effectively.

Residential Neighborhoods

Areas primarily containing housing where people live, often differentiated by types of housing, socioeconomic status, and urban planning.