Instruction 6.1 the Number of Column Centimetres of Classified Advertisements Appearing on Appearing

question 136

Short Answer

Instruction 6.1
The number of column centimetres of classified advertisements appearing on Mondays in a certain daily newspaper is normally distributed with population mean 320 and population standard deviation 20 cm.
-Referring to Instruction 6.1,for a randomly chosen Monday,what is the probability there will be less than 340 column centimetres of classified advertisement?

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Definitions:

Marginal Costs

The cost associated with producing one additional unit of a product or service.

Variable Costs

Expenses that change in proportion to the activity or volume of operations in a business.

Fixed Costs

Fixed charges that are unaffected by changes in production volume, including rental fees and payrolls.

Variable Cost Curve

The variable cost curve shows the relationship between total variable cost and the level of a firm's output, demonstrating how costs fluctuate with changes in production.