The Shelf Life of a Battery Produced by One Major

question 95

Multiple Choice

The shelf life of a battery produced by one major company is known to be Normally distributed, with a mean life of 3.5 years and a standard deviation of 0.75 years. What range of years contains 68% of all battery shelf lives?

• A) 2 to 5 years
• B) 2.5 to 4.5 years
• C) 2.83 to 4.17 years
• D) 2.75 to 4.25 years

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Definitions:

International Business

A firm that engages in cross-border transactions.

Global Strategy

A comprehensive approach to business that considers the global market environment in a company's planning and operational strategies.

Service Organizations

Businesses that provide services instead of tangible products to customers or other businesses.

Preferential Tariff

A reduced tariff rate applied to imports from certain countries, often part of a trade agreement to promote trade by lowering the cost of imported goods.