In a Certain Normal Distribution, Find the Standard Deviation $\mu$ = 50 and 10

question 54

Multiple Choice

In a certain normal distribution, find the standard deviation ? when $\mu$ = 50 and 10.56% of the area lies to the right of 55.

• A)4
• B)2
• C)3
• D)5

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Definitions:

Marginal Revenue

The increase in revenue that results from selling one more unit of a product.

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit, calculated by equating marginal revenue and marginal cost.

Market Price

The amount for which something can be sold on a given market at a particular time, restated for clarity.

Maximizing Profits

The process of adjusting production and operations to achieve the highest possible profit margins under given market conditions.