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Gold Miners in Alaska Have Found, on Average, 12 Ounces

question 74

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Gold miners in Alaska have found, on average, 12 ounces of gold per 1,000 tons of dirt excavated with a standard deviation of 3 ounces. Assume the amount of gold found per 1,000 tons of dirt is normally distributed. What is the probability the miners find between 10 and 14 ounces of gold in the next 1,000 tons of dirt excavated?


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Apparent Authority

A form of authority that a third party reasonably believes an agent has, based on the principal's behavior or words, which can bind the principal to agreements made by the agent.

Authorizing Document

An official document that grants permission or authority for certain actions or activities.

Ratify

To officially sanction or ratify an agreement or treaty, thereby making it legally binding.

Contractual Capacity

The legal ability of a party to enter into a contract, including being of legal age and having sound mind.

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