Suppose That the Waiting Time for a License Plate Renewal

question 83

Multiple Choice

Suppose that the waiting time for a license plate renewal at a local office of a state motor vehicle department has been found to be normally distributed with a mean of 30 minutes and a standard deviation of 8 minutes.What is the probability that a randomly selected individual will have a waiting time no more than 22 minutes?

• A).1587
• B).9977
• C).8413
• D).0023

---

Definitions:

Business Combination

The process of joining two or more companies into a single entity, often to expand market share, diversify, or achieve other business objectives.

Outstanding Shares

The total number of shares of stock that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s insiders.

Copper Production

The process of extracting copper from its ores and converting it into pure metal for use in various industries, including electrical wiring, construction, and automotive.

Nickel Production

The process of extracting nickel ores from the ground and refining them into pure nickel, used in various industrial applications.