Examlex
A gasoline tank for a certain model car is designed to hold 12 gallons of gas. Suppose
that the actual capacity of gas tanks in cars of this type is well approximated by a
normal distribution with mean 12.0 gallons and standard deviation 0.2 gallons. What
is the approximate probability that a randomly selected car of this model will have a
gas tank that holds at most 11.7 gallons?
Goodwill
The positive reputation and loyal customer base that a business accumulates over time, considered an intangible asset.
Political Campaigns
Organized efforts to influence decision making within a specific group, often related to elections or policy initiatives.
Elderly
Refers to individuals who are significantly beyond the average age of retirement, often considered to be 65 years and older.
Age Stratification
The division of a society into groups based on age, affecting individuals' roles, rights, opportunities, and social perceptions.
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