A Frequency Distribution Has a Mean of 100 and a Standard

question 46

Multiple Choice

A frequency distribution has a mean of 100 and a standard deviation of 20. The class limits for one class are 50 up to 60. Based on the normal distribution,what is the probability that an observation would be in this class?

• A)0.4938
• B)0.4772
• C)0.0166
• D)−0.0166

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Definitions:

Commercialization

The process of bringing new products or services to market, including production, distribution, marketing, and sales strategies.

Efficiency-Enhancing Innovations

Changes to existing products or ideas that make them lower cost.

Market-Creating Innovations

Innovations that generate new markets by fulfilling unmet needs or creating new categories of products or services.

New Class of Consumers

Emerging segments of the market population with distinct characteristics, behavior patterns, or purchasing preferences not previously accounted for.