A Major Cell Phone Service Provider Has Determined That the Number

question 72

Multiple Choice

A major cell phone service provider has determined that the number of minutes that its customers use their phone per month is normally distributed with a mean equal to 445.5 minutes with a standard deviation equal to 177.8 minutes. The company is thinking of changing its fee structure so that anyone who uses the phone less than 250 minutes during a given month will pay a reduced monthly fee. Based on the available information, what percentage of current customers would be eligible for the reduced fee?

• A) About 36.4 percent
• B) Approximately 52 percent
• C) About 86.6 percent
• D) About 13.6 percent

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Definitions:

Assignee

The party to whom rights or property are transferred in an agreement.

Transferor

An individual or entity that transfers its rights or properties to another.

Complete Chain

A concept referring to a comprehensive series of connected events, processes, or components, often seen in supply chain management.

Authorized Indorsements

Pertains to the legally approved signatures or endorsements on documents, especially checks or negotiable instruments, that authorize their use or transfer.