During the Past Six Months,73

question 127

Multiple Choice

During the past six months,73.2% of US households purchased sugar.Assume that these expenditures are approximately normally distributed with a mean of $8.22 and a standard deviation of $1.10.80% of the households spent more than what amount?

• A)$7.30
• B)$7.38
• C)$9.06
• D)$9.14

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Definitions:

Urban Land

Areas of land characterized by higher population density and vast human features in comparison to areas surrounding it, often dedicated to commercial, residential, and infrastructure use.

Fixed

Something that is constant or unchangeable over a certain period of time, such as a fixed interest rate.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.

Risk-Bearing

The assumption of the risk and uncertainty involved in an enterprise or investment.