User Account

All Pages

Determine the probability of modules produced

Assignment Help Business Economics
Reference no: EM132367501

Use the empirical rule to draw conclusions about the data set below assuming a normal distribution and to determine the probability of Modules produced per week at Princess Foods Corporation.

Production has been determined to be a normal distribution

Average production is 12,000 Modules per week with a standard deviation of 600 Answer the following questions:

  1. What is the probability that next week's production is between 11,400 to 13,200?
  2. What is the probability that next week's production be less than10,200?
  3. What is the probability that next week's production is between 12,600 and 13,800?

Show the calculations to answer the questions

Draw the bell curve

What is the conclusion

Reference no: EM132367501

Questions Cloud

Compute the average sales price per case : Compute the average sales price per case for this product during the last quarter? Round your answer to two decimal places.
Compute the average sales price per case : Compute the average sales price per case for this product during the last quarter? Round your answer to two decimal places.
What is the mean creatine kinase level : What is the mean creatine kinase level in healthy males? Carry your intermediate computations to at least four decimal places. Round your answer to at least one
What is the response variable : You will test the recipe with 3 different baking temperatures (350, 400 and 450) and 3 different baking times (45 minutes, 55 minutes and 60 minutes).
Determine the probability of modules produced : Use the empirical rule to draw conclusions about the data set below assuming a normal distribution and to determine the probability of Modules produced
Look around into all the nooks and crannies : This discussion question is a like a scavenger hunt through our course. 1) Look around into all the nooks and crannies.
Formulate a process in determining : Formulate a process in determining which inferential statistics test you might use for analysis of research data that include a mean and standard deviation.
What is the probability that it came from the middle draw : Today Dwight selected a red pen. What is the probability that it came from the middle draw? Give your answer as a probability between 0 and 1.
Make a frequency distribution table : Make a frequency distribution table for these data, showing frequency, cumulative frequency, percentage, and cumulative percentage.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd