During the Past Six Months,73

question 78

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 more than $10.00

• A).7320
• B).9474
• C).0526
• D).2680

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Definitions:

Common Stockholders

Individuals or entities that own shares in a corporation, granting them rights to dividends and a vote in certain corporate matters.

Rights Granted

Rights Granted refers to permissions or privileges given to an individual or entity, which allows them certain freedoms or abilities under specific conditions.

Noncumulative

A term often related to preferred stock, describing dividends that, if not declared by the board of directors, are not owed to shareholders and do not accumulate.

Preferred Stock

Preferred stock is a type of stock that gives holders preferential treatment over common stock, such as fixed dividends and priority in asset liquidation.