The Weight of a Loaf of Bread Is Normally Distributed

question 96

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 between 20.75 and 23.25 oz?

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Definitions:

Marginal Cost

The increment in total pricing necessary for the creation of one more unit of any good or service.

Marginal Revenue

The supplementary earnings obtained by selling an extra unit of a good or service.

Marginal Revenue Curve

A graphical representation showing the additional revenue that is generated by selling one more unit of a good or service.

Marginal Revenue

The income enhancement from the sale of one more unit of a product or service.