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An oil producer plans to sell 1 million barrels of crude oil one year from now. The oil price in one year is normally distributed
An oil producer plans to sell 1 million barrels of crude oil one year from now. The oil price in one year is normally distributed with the mean of $80 per barrel and the standard deviation of $12 per barrel. What is the probability that the sales revenue is lower than $50 millions
A)0.62%
B)41.75%
C)58.25%
D)99.38%
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