Assume That X Is Normally Distributed with a Mean μ

question 24

Multiple Choice

Assume that X is normally distributed with a mean μ = $64. Given that P(X ≥ $75) = 0.2981, we can calculate that the standard deviation of X is approximately:

• A)$20.76.
• B)$13.17.
• C)$5.83.
• D)$7.05.

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Definitions:

Marketing Expenditures

The total amount of money a company spends on creating and executing its marketing strategies.

Resource-intensive

Describing activities, processes, or industries that require a large amount of resources (such as capital, time, or energy) to produce goods or services.

Family Branding

Marketing strategy that involves selling several related products under one overarching brand name.

Brand Ambiguity

The uncertainty or confusion that consumers experience due to unclear brand messages or inconsistent brand image, which can affect brand perception negatively.