Exhibit 6-7 The Weight of Items Produced by a Machine Is Normally

question 54

Multiple Choice

Exhibit 6-7
The weight of items produced by a machine is normally distributed with a mean of 8 ounces and a standard deviation of 2 ounces.
-Refer to Exhibit 6-7. What percentage of items will weigh at least 11.7 ounces?

• A)46.78%
• B)96.78%
• C)3.22%
• D)53.22%

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Definitions:

Domestic Supply

The total amount of goods and services produced within a country's borders that are available for consumption or export.

Domestic Demand

The total demand for goods and services within a country's borders.

World Price

The international market price of a good or service, affected by global supply and demand.

World Price

The global market price of a good or service, determined by worldwide demand and supply.