Exhibit 6-9 The Average Price of Personal Computers Manufactured by MNM Company

question 47

Multiple Choice

Exhibit 6-9
The average price of personal computers manufactured by MNM Company is $1,200 with a standard deviation of $220. Furthermore, it is known that the computer prices manufactured by MNM are normally distributed.
-Refer to Exhibit 6-9. What is the probability that a randomly selected computer will have a price of at least $1,530?

• A)0.0668
• B)0.5668
• C)0.4332
• D)1.4332

Comprehend the role of logistics in creating customer value through time and place utility.

Grasp the concepts of inventory management and its financial implications.

Understand the significance of logistics in the supply chain and its strategic value in marketing.

Recognize the trade-offs and decision-making process in logistics to optimize total logistics costs.

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Definitions:

Legal Rights

Entitlements or permissions granted by law to individuals or entities, allowing them to perform certain actions or be treated in specific ways.

Homeland Rituals

Traditional ceremonies or practices carried out by a group of people in their native country or region.

Enslaved Africans

Individuals of African descent who were forcibly brought to and held in bondage in the Americas and other colonies, playing a central role in the transatlantic slave trade.

American-born Slaves

Individuals born into slavery in the United States, highlighting the generational aspect of slavery within the country.