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Probability: Length of Machine Produced Metal Strips
Length of metal strips produced by a machine are normally distributed with mean length of 150 cm and a standard deviation of 10 cm. Find the probability that the length of a randomly selected strip is:
(a) Shorter than 165 cm.
(b) Longer than 170 cm.
(c) Between 145 cm and 155 cm.
Find the break-even points and the maximum revenue.
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