The Time It Takes a Parent to Assemble a Children's

question 51

True/False

The time it takes a parent to assemble a children's bicycle has been shown to be normally distributed with a mean equal to 295 minutes with a standard deviation equal to 45 minutes.Given this information,the probability that it will take a randomly selected parent more than 220 minutes is about 0.0475.

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Definitions:

Retailing Activities

Tasks and functions involved in selling goods and services directly to consumers for their personal, non-business use.

Supply Chain Management

The oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.

Corporate Vertical Marketing System

A vertically integrated marketing strategy where a single company controls multiple levels of its distribution and production process.

Direct Marketing Channel

The manufacturer sells directly to the buyer.