The Weight of a Product Is Normally Distributed with a Mean

question 11

Multiple Choice

The weight of a product is normally distributed with a mean of four ounces and a variance of .25 "squared ounces." What is the probability that a randomly selected unit from a recently manufactured batch weighs no more than 3.5 ounces?

• A).8413
• B).9772
• C).1587
• D).0228

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Definitions:

Equipment

Tangible personal property used in operations, such as machinery or office hardware, that is not intended for sale.

Acquisition Differential

The difference between the cost of an acquisition and the fair value of net assets acquired, often recognized as goodwill on the balance sheet.

Patents

Legal rights granted by a government to an inventor for a limited time, giving exclusive rights to manufacture, use, or sell an invention.

Acquisition Differential

The difference between the purchase price of an acquired company and the book value of its net assets.