During the Past Six Months,73

question 45

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.What proportion of the households spent between $5.00 and $9.00?

• A).7611
• B).7628
• C).0017
• D).7594

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Definitions:

Business Plan

A formal document detailing the goals, strategy, market, and financial projections for a business's operations.

Operating Income

The profit realized from a business's core operations, excluding deductions of interest and taxes.

Variable Cost

A cost that changes in proportion to the level of activity or volume of output in a business.

Capacity

In finance, the ability of an individual or organization to repay a loan or meet financial obligations.