The high school GPAs of applicants for admission to a college program are recorded and relative frequencies are calculated for the categories.
a.Complete the table to make this a valid probability distribution.
b.What is the probability an applicant's GPA will be below 3.0?
c.What is the probability an applicant's GPA will be 2.5 or above?
Definitions:
Average Total Cost
The total cost of production divided by the quantity of output produced; it combines all fixed and variable costs per unit of output.
Total Fixed Costs
The cumulative sum of all costs that remain constant regardless of the level of production or output within a certain period.
Average Total Costs
The average cost for each unit produced, determined by dividing the overall cost of production by the total number of units made.
Average Total Costs
The total cost of production divided by the quantity produced, encompassing both fixed and variable costs.
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