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The figure shows a normal N(400, 23) distribution. Find the x value for the shaded area. C.2 we get P(z < -1.645) = .05, so x = µ + zσ = 400 - 1.645(23) = 362.2, or from Excel =NORM.INV(0.05,400,23) = 362.2.
Intangible Product
A product that cannot be touched or physically measured, often involving services or digital goods.
Management Activity
The range of actions, decisions, and responsibilities undertaken by managers to operate and control organizations.
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