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    Statistics for Business and Economics Study Set 4
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    Exam 4: Random Variables and Probability Distributions
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    The Price of a Gallon of Milk Follows a Normal
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The Price of a Gallon of Milk Follows a Normal

Question 217

Question 217

Multiple Choice

The price of a gallon of milk follows a normal distribution with a mean of $3.20 and a standard deviation of $0.10. Find the price for which 12.3% of milk vendors exceeded.


A) $3.316
B) $3.084
C) $3.238
D) $3.215

Correct Answer:

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