It Is Known That the Body Mass Index (BMI) of Healthy

question 25

Multiple Choice

It is known that the body mass index (BMI) of healthy American females follows a normal distribution, with a mean of 22.5 and a standard deviation pf 3.0.Approximately what percentage of female BMI values fall between 16.5 and 28.5?

• A) 99.7%
• B) 95%
• C) 81.5%
• D) 68%

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Definitions:

Purely Competitive

An idealized market structure in which there are many buyers and sellers, no barriers to entry or exit, and perfect information, leading to prices being determined by supply and demand.

Market Supply Curve

A graphical representation showing the total quantity of a good that sellers are willing and able to sell at various prices, holding all else constant.

Purely Competitive

A market structure characterized by a large number of small firms producing similar products, with easy entry and exit from the market, leading to price-taking behavior.

New Firms

New firms refer to businesses that have been recently established and are in the early stages of their operational life.