Assume That X Is Normally Distributed with a Mean μ

question 24

Multiple Choice

Assume that X is normally distributed with a mean μ = $64. Given that P(X ≥ $75) = 0.2981, we can calculate that the standard deviation of X is approximately:

• A)$20.76.
• B)$13.17.
• C)$5.83.
• D)$7.05.

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Definitions:

Paid

A status indicating that a financial obligation or debt has been fulfilled.

Voidable

Describes a legal agreement that may be declared invalid by one of the parties due to specific conditions such as fraud, coercion, or incapacity.

Minors

Individuals who are under the age of legal competence or adulthood, typically under 18 years old.

Purchase

The act of acquiring goods or services in exchange for money or other consideration.