The Fuel Efficiency Rating for a Mid-Size Car Is Normally

question 126

Multiple Choice

The fuel efficiency rating for a mid-size car is normally distributed with a mean of 32 and a standard deviation of 0.8. What is the probability that the rating for a selected mid-size car would be:
-Less than 33.2?

• A)0.4332
• B)0.0668
• C)0.9332
• D)0.8664
• E)0.1336

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Definitions:

Gross Investment

The total amount of money spent on acquiring, upgrading, or maintaining physical assets before depreciation is taken into account.

Depreciation

The methodical allocation of the cost of a tangible asset over its useful life.

Interest Rate

The cost of borrowing money or the reward for saving, expressed as a percentage of the money borrowed or saved.

Gross Investment

The total amount invested in the purchase of new capital assets plus replacement of depreciated assets, reflecting the total expenditure on new capital in an economy.