The Ransin Sports Company has noted that the size of individual customer orders is normally distributed with a mean of $112 and a standard deviation of $9. Which of the following is the answer for the probability that the next individual who buys a product will make a purchase of more than $116?
A) 71%
B) 48%
C) 33%
D) 42%

Question

Quizplus · Accepted Answer

We need to calculate the z-score, which is (116-112)/9 = 0.44. Using a standard normal distribution table or calculator, we can find the probability associated with a z-score of 0.44 is approximately 33%. Therefore, the probability that the next individual who buys a product will make a purchase of more than $116 is 33%.

The Ransin Sports Company Has Noted That the Size of Individual