The weights of bags of peas are normally distributed with a mean of 12.08 ounces and a standard deviation of 1.03 ounces. Bags in the upper 4% are too heavy and must be repackaged. What is the most that bag and weigh and not need to be repackaged? 12.18 ounces 13.88 ounces 10.28 ounces 12.03 […]
A stock’s price fluctuations are approximately normally distributed with a mean of $26.94 and a standard deviation of $3.54. You decide to sell whenever the price reaches its highest 10% of values. What is the highest value you would still hold the stock? $23.40 $31.48 $22.40 $30.48 Looking for a Similar Assignment? Order now […]
Hospital waiting room times are normally distributed with a mean of 38.12 minutes and a standard deviation of 8.63 minutes. What is the shortest wait time that would still be in the worst 15% of wait times? 36.49 minutes 49.18 minutes 29.18 minutes 47.06 minutes Looking for a Similar Assignment? Order now and Get […]
A machine set to fill soup cans with a mean of 20 ounces and a standard deviation of 0.1 ounces. A random sample of 28 cans has a mean of 20.04 ounces. Should the machine be reset? No, the probability of this outcome at 0.017, would be considered usual, so there is no problem Yes, […]
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