Baggage Weights Narrative the Weight of Baggage Checked by Airline Passengers Is a Passengers

question 2

Essay

Baggage Weights Narrative
The weight of baggage checked by airline passengers is a random variable with a mean of 25 kg and a standard deviation of 12 kg. The total baggage limit for 100 randomly selected passengers is 2740 kg.
-Refer to Baggage Weights Narrative. What is the approximate probability the baggage limit will be exceeded?

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Definitions:

After-Tax Cash Flows

The net cash inflow or outflow after taking into account the effects of taxation.

After-Tax Cost

The expense of a transaction or investment after taking into account the effects of taxes.

Net Present Value

A valuation method that calculates the present value of an investment's expected cash inflows and outflows, used to assess its profitability.

Initial Cash Outlay

This refers to the amount of money initially invested or spent to start a project or investment.