THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 102

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The number of orders that come into a mail-order sales office each month is normally distributed with a mean of 298 and a standard deviation of 15.4.
-The probability is 0.3 that the sales office receives less than how many orders?

• A)310.9
• B)285.1
• C)290.0
• D)306.0

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Definitions:

Capacity Constraint

Limitations on the production capacity of a manufacturing plant, company, or economy, which can affect supply and pricing.

Binary Variable

A variable that has only two possible values, typically 0 and 1, to represent outcomes such as success/failure, yes/no, etc.

Objective Function

A mathematical function used in optimization to define the goal of the decision-making process, often involving maximizing or minimizing some quantity.

Shipping Cost

The expenses associated with transporting goods from one location to another.