Machines filling bottles of shampoo

Assignment Help Business Economics
Reference no: EM133235623

Return to the example used in the chapter of two machines filling bottles of shampoo. One machine had a mean of 500 ml, SD 10 ml, the other a mean of 750 ml, SD 15 ml. For each machine calculate the lower and upper amounts (in ml) between which:

(a) 90 per cent of all output will fall;

(b) 95 per cent of all output will fall;

(c) 99 per cent of all output will fall.

Reference no: EM133235623

Questions Cloud

Discuss your understanding of economics : Discuss your understanding of economics in relation to this parable.
Explain the law of demand : Explain the law of demand. What is the major assumption critical for the law of demand?
Analyst investigating company discovers : An analyst investigating the company discovers that A and F has a healthy current ratio of 2.79, a strong quick ratio of 1.79,
Households and businesses to install solar panels : What can the government do to encourage more households and businesses to install solar panels?
Machines filling bottles of shampoo : Return to the example used in the chapter of two machines filling bottles of shampoo.
Claim case : What claims might the Joneses have, against whom, on what basis, and for what injuries? What authorities support each claim?
What are scarcity and opportunity cost : what are scarcity and opportunity cost? student deciding on a major to enrol into. A consumer trying to make the best purchasing decision.
Go viral on social media : Economics Share things you have seen "go viral" on social media, focusing primarily on products and services.
Baca means by place to stand in this quotation : Explain what leads up to the moment in the above quotation. What do you think Baca means by "a place to stand" in this quotation?

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!

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