Susan Has Been on a Bowling Team for 14 Years

question 53

Multiple Choice

Susan has been on a bowling team for 14 years. After examining all of her scores over that period of time, she finds that they follow a normal distribution. Her average score is 225, with a standard deviation of 13. If during a typical week Susan bowls 16 games, what is the probability that her average score for the week is between 220 and 228?

• A) 0.0618
• B) 0.2390
• C) 0.7600
• D) 0.8212

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Definitions:

Profits

The financial gain made in a transaction or operation, calculated as the difference between revenue and expenses.

Firm

A business organization, such as a corporation or partnership, that sells goods or services in exchange for revenue.

Profit-Maximizing Firm's Output

The output level at which a firm achieves the maximum possible profit, typically where marginal cost equals marginal revenue.

Perfectly Competitive Firm

A theoretical concept where a company operates in a market where there are many buyers and sellers, all selling homogeneous products, with no barriers to entry or exit.