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The speed of cars passing through a check point follows a normal distribution with a mean of 45 miles per hour and a standard deviation of 6 miles per hour.What is the probability that the next car passing will be exceeding 51 miles per hour?
Firm
An organization that produces goods or services for sale, operating with the aim of making a profit.
Variable Costs
Costs that change in proportion to the level of production or sales volume.
Profit-maximizing Output
The point of production where a company reaches its maximum profit potential.
Total Revenue
The overall amount of money generated by a firm from selling its goods or services.
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