A Loaf of Bread Is Normally Distributed with a Mean

question 94

Multiple Choice

A loaf of bread is normally distributed with a mean of 22 ounces and a standard deviation of ½ ounces. (i) The probability that a loaf of bread is 22.25 ounces is 0.0.
(ii. The probability that a loaf of bread is > 21 ounces is 0.9772.
(iii) The probability that a loaf of bread is < 24 ounces is 1.0.

• A) (i), (ii), and (iii) are all correct statements
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (i) and (ii) are correct statements but not (iii).
• E) (ii) and (iii) are correct statements but not (i).

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Definitions:

Consumption

The act of using goods and services for personal needs or wants, including the process by which these goods and services are acquired.

Satisfaction

The feeling of pleasure or fulfillment that comes from meeting a desire, expectation, or goal.

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.

Total Utility

The total satisfaction or benefit received by consuming a certain amount of goods or services.