The Vehicle Speeds on a City Street Have Been Determined

question 2

True/False

The vehicle speeds on a city street have been determined to be normally distributed with a mean of 33.2 mph and a variance of 16.Based on this information,the probability that if three randomly selected vehicles are monitored and that two of the three will exceed the 35 mph speed limit is slightly greater than 0.18.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle, whichever is longer.

Fixed Assets

Fixed assets, also known as non-current assets, are long-term physical assets used in the operations of a business.

Taxable Income

The portion of an individual's or corporation's income used as a basis for calculating the amount of income tax owed to the government.

Tax Rates

The ratio of private or corporate earnings that is annexed by governmental agencies as tax.