You Are Planning a May Camping Trip to Denali National

question 81

Multiple Choice

You are planning a May camping trip to Denali National Park in Alaska and want to make sure your sleeping bag is warm enough. The average low temperature in the park for May follows a normal distribution with a mean of 32°F and a standard deviation of 8°F. One sleeping bag you are considering advertises that it is good for temperatures down to 25°F. What is the probability that this bag will be warm enough on a randomly selected May night at the park?

• A) 0.1894
• B) 0.3106
• C) 0.8092
• D) 0.8800

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Definitions:

Reverse Split

A corporate action in which a company decreases the number of its outstanding shares to increase the share price.

Total Market Value

The aggregate valuation of a company or asset in the marketplace, based on current share price and the total number of outstanding shares.

Reasonable Level

A term often used in finance and economics to describe an equilibrium or average measure that is considered acceptable under given conditions.

Capital Budget

The planning process used by a company to determine whether its long-term investments or projects are worth pursuing.