The Average Length of Crocodiles in a Swamp Is 12

question 50

Multiple Choice

The average length of crocodiles in a swamp is 12.5 feet. If the lengths are normally distributed with a standard deviation of 2.1, find the probability that a crocodile is more than 12 feet long.

• A) 0.51
• B) 0.53
• C) 0.57
• D) 0.59

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Definitions:

Land

In economics, it refers to all natural resources used to produce goods and services, one of the factors of production.

Profits

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.

Joseph Schumpeter

An economist known for his theory on business cycles and for coining the term "creative destruction" to describe the process of innovation in economics.

Innovations

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.