During the Past Six Months,73

question 57

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. Find the probability that a household spent less than $5.00

• A).9983
• B)0.000
• C)1.00
• D)0.0017

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Definitions:

Geographical Areas

Regions or zones defined by specific geographical boundaries or characteristics, which can be used for various administrative, commercial, or statistical purposes.

Channel Member

An entity involved in the distribution process of products, from manufacturers to the final consumers, including wholesalers, retailers, and distributors.

Sherman Act

An 1890 United States antitrust law that regulates competition among enterprises, aiming to prevent anti-competitive practices.

Rule Of Reason

A legal doctrine used in antitrust law that evaluates the pro-competitive and anti-competitive effects of business practices to determine their legality.