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Susan has been on a bowling team for 14 years.After examining all of her scores over that period of time,she finds that they follow a normal distribution.Her average score is 225,with a standard deviation of 13. Refer to Exhibit 7-3.If during a typical week Susan bowls 16 games,what is the probability that her average score is more than 230?
Demand And Supply
The fundamental economic model that explains how prices are determined in a market, based on the desires and capabilities of buyers and sellers.
Equilibrium Level
The state where market supply and demand balance each other, and, as a result, prices become stable.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price.
Quantity Supplied
The total amount of a specific good or service that is available for purchase at a given price and time.
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