Determining the normal distribution the probability

Assignment Help Macroeconomics
Reference no: EM131902126

1. A company sells toothpaste in a tube advertised to contain 8 ounces. The tube filling process is set with a mean of 8.1764 ounces. In this continuous production process, the amount of toothpaste put in a tube is normally distributed with a mean of 8.1764 ounces and a standard deviation of 0.0900 ounces.

(a) If the actual capacity of the tubes used is 8.3764 ounces, what proportion of the tubes do we expect to be filled beyond capacity?

(b) What proportion of the tubes do we expect to contain less than the advertised 8 ounces?

(c) In the normal distribution the probability that X > μ + 2σ is the same as the probability that X < μ - 2σ where μ and σ are the population mean and standard deviation respectively.  What characteristic of the normal distribution guarantees this is true?

2. A production engineer is checking the volume of paint in cans as the cans leave the filling line.  The machine is set to fill the cans with 4 litres of paint.  However, the engineer wishes to determine if the cans are being filled with less than 4 litres of paint.  A sample of n=36 cans is taken from the production line.  The sample shows a mean of X=3.97 litres and a standard deviation of S=0.14 litres.

Explaining each step, answer the following:

(a) Test the hypothesis at the 1 per cent level of significance that the paint cans are on average underweight (i.e. test if the sample mean is less than 4 litres).

(b) Construct the 95 % confidence interval for μ= the mean quantity of paint in each can.

need full answer of those 2 question

Reference no: EM131902126

Questions Cloud

What is the cost of the spoilage : In the ease of Job 705. the first 50 invitations had to be discarded due to inconsistencies in the color of ink. What is the cost of the spoilage?
What is the dupont ratio analysis : Corporations [LO3] What is the primary disadvantage of the corporate form of organization? Name at least two advantages of corporate organization
Computing the re-order point in given problem : Ye' Olde Barrel Shop sells oak barrels to a local winery. The Master Cooper would like to reduce her oak lumber inventory by determining the optimal number.
What was the amount of net pay : What was the amount of net pay? Assuming Lightning Electronics must also pay $390 of unemployment taxes for this pay period, what amount would be reported?
Determining the normal distribution the probability : In the normal distribution the probability that X > µ + 2s is the same as the probability that X
Why are you personally obligated to abide by aicpa statement : Why are you personally obligated to abide by the AICPA's Statement of Standards for Tax Services, even though you do not work in public practice?
Solve a minimum-cost network flow model : Each year, DC produces as many as 500 computers in Boston and 425 computers in Raleigh. Los Angeles customers must receive 400 computers, and 350 computers.
Calculate the expected value and the standard error : Calculate the expected value and the standard error of with n = 14. (Round "expected value" to 2 decimal places and "standard deviation" to 4 decimal places.)
Discusses major theories of juvenile delinquency : the Criminal Justice System views juvenile offenders in a different light than adult offenders - What are some of the differences and why is this approach

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

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