The Speed of Cars Passing Through a Check Point Follows

question 39

Multiple Choice

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?

• A)0.9854
• B)0.8413
• C)0.7967
• D)0.1587

Recognize the inefficiencies in resource allocation associated with common resources and public goods.

Understand how the private market's response to nonexcludable and nonrival goods leads to market failure.

Analyze the role of government intervention in correcting market failures related to public goods and common resources.

Distinguish between the economic outcomes of goods that are nonrival or rival in consumption and those that are excludable or nonexcludable.

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Definitions:

Aggressive Individuals

Refers to persons who exhibit behavior that is forceful, assertive, or intended to dominate.

Derogation of Target Bias

A cognitive bias in which individuals devalue a target or outcome once it becomes unattainable, often to reduce cognitive dissonance.

Intellectual Incompetence

A state or condition wherein an individual lacks the necessary cognitive skills or knowledge to understand or address specific issues effectively.

Hostile Attribution Bias

The habit of interpreting the conduct of others as aggressive, regardless of whether such conduct is vague or innocent.