The Average Height of Flowering Cherry Trees in a Nursery

question 60

Multiple Choice

The average height of flowering cherry trees in a nursery is 9.5 feet. If the heights are normally distributed with a standard deviation of 1.3, find the probability that a tree is less than 11.5 feet tall.

• A) 0.82
• B) 0.94
• C) 0.97
• D) 0.88

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Definitions:

Bonds

Fixed income investments representing a loan made by an investor to a borrower, typically corporate or governmental, which pays periodic interest payments and returns the principal at maturity.

Currency Futures

Financial contracts to exchange a specified amount of a currency at a predetermined future date and price, used to hedge against or speculate on currency movements.

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Debt that is not regularly reduced through payments covering principle and interest over time.

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Interest payments are the regular payments made to a lender by a borrower for the use of borrowed money, typically calculated as a percentage of the principal.