User Account

All Pages

Find the number of bottles produced per year

Assignment Help Basic Statistics
Reference no: EM131641421

Question: A soft-drink company produces 100,000 12-ounce bottles of soda per year. By adjusting a dial, the company can set the mean number of ounces placed in a bottle. Regardless of the mean, the standard deviation of the number of ounces in a bottle is 0.05 ounce. The soda costs 5 cents per ounce. Any bottle weighing less than 12 ounces will incur a $10 fine for being underweight. Determine a setting for the mean number of ounces per bottle of soda that minimizes the expected cost per year of producing soda. Your answer should be accurate within 0.001 ounce. Does the number of bottles produced per year influence your answer?

Reference no: EM131641421

Questions Cloud

Latin american politics is something of a lining museum : Who made the analysis ‘Latin American Politics is something of a ‘lining museum'.
Demonstrate these aforementioned analyses : Choose a Fortune 1000 company to demonstrate these aforementioned analyses.
The right to form association fall in the type of rights : What does the Right to Form Association fall in the type of rights?
Tradeoffs in managing inventory : What would you say are the key principles and tradeoffs in managing inventory?
Find the number of bottles produced per year : Determine a setting for the mean number of ounces per bottle of soda that minimizes the expected cost per year of producing soda.
Potential issue and how that can be handled proactively : Explain what factors an importer needs to ask of their supplier and what issues that could arise that could be a potential issue and how that can be handled.
Prepare a flexible budget report for the year : Prepare a flexible budget report for the year. Did management do a good, average, or poor job of controlling expenses
Explain the term legal theory of rights : Explain the term legal theory of Rights as used in political science.
How low should lowland let its tv inventory drop : The weekly demand for TVs at Lowland Appliance is normally distributed with mean 400 and standard deviation 100. Each time an order for TVs is placed.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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