The Seasonal Output of a New Experimental Strain of Pepper

question 58

Multiple Choice

The seasonal output of a new experimental strain of pepper plants was carefully weighed. The mean weight per plant is 15.0 pounds,and the standard deviation of the normally distributed weights is 1.75 pounds. Of the 200 plants in the experiment,how many produced peppers weighing between 13 and 16 pounds?

• A)100
• B)118
• C)197
• D)53

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Definitions:

Marginal Revenue Function

A calculation that shows how much extra revenue a firm will receive from selling one more unit of a product or service.

Demand

Describes the amount of a product or service that buyers are ready and can afford to buy at different prices over a specific time frame.

Book

A written or printed work consisting of pages glued or sewn together along one side and bound in covers.

Profit-Maximizing

The process or strategy employed by a firm to adjust its production and prices to achieve the highest possible profit.