The Weight of a Loaf of Bread Is Normally Distributed

question 115

Short Answer

The weight of a loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is larger than 21 oz?

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Definitions:

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the face value and maturing at par.

Interest Rates

The percentage of a sum of money charged for its use or paid to investors over a period.

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the par value and paying no interest before maturity.

Simple Interest

A method of calculating interest where the calculation is based only on the original amount of money invested or borrowed, excluding the effect of compounding.