Susan Has Been on a Bowling Team for 14 Years

question 75

Multiple Choice

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 month Susan bowls 64 games,what is the probability that her average score in this month is above 227?

• A)0.1093
• B)0.4404
• C)0.5596
• D)0.8907

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Definitions:

Allocative Efficiency

An economic state where resources are distributed in a way that maximizes the net benefit to society, ensuring that every good or service is produced up to the point where the last unit provides a benefit to consumers exactly equal to the cost of producing it.

Consumer Surplus

The disparity between the amount consumers are prepared to spend on a product or service and the amount they end up paying, indicating the advantage to consumers.

Allocative Efficiency

A state of the economy in which the distribution of resources among different uses is optimized, leading to an optimal level of consumer satisfaction.

Productive Efficiency

A situation in which an economy or entity is operating at maximum capacity, producing goods or services at the lowest possible cost.