The Owner of a Fish Market Determined That the Average

question 76

Short Answer

The owner of a fish market determined that the average weight for a rainbow trout is 3.2 kilograms with a standard deviation of 0.8 kilogram.Assuming the weights of rainbow trout are normally distributed,the probability that a randomly selected rainbow trout will weigh less than 2.2 kilograms is _________

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Definitions:

Economic Value

Assessing the value that a good or service delivers to someone involved in the economy.

Payment Streams

A series of payments made over a period of time, often referring to regular debits or credits to an account.

Earn

To receive money as payment for work that has been done or to make a profit.

Simple Interest

Interest calculated only on the initial principal amount of an investment or loan, without compounding.