Stated weight on the package

Assignment Help Accounting Basics
Reference no: EM13975381

1. The precooked weight of hamburgers at a gourmet hamburger restaurant has been normally distributed with a mean of 5.5 ounces and a standard deviation of 0.15 ounces. A dining-column journalist from the local newspaper enters the restaurant and orders a hamburger. What is the probability that he will receive a hamburger that had a precooked weight less than 5.3 ounces? If, in a separate visit to the restaurant, the journalist is accom- panied by three colleagues who also order a hamburger, what is the probability that at least 2 of these 4 customers will receive a hamburger that had a precooked weight greater than 5.7 ounces?

2. Boxes are filled with sugar by a machine that is set to deliver an average of 20.3 ounces. The  weights are normally distributed with a standard deviation of 0.3 ounces. If a consumer advocate buys a package of the product and then proceeds to weigh the contents, what is the probability that the package she has purchased will have a content weight between 20 and 21 ounces? If the consumer advocate plans to purchase 100 boxes of the product, then file suit against the company if more than 5 of the boxes have content weights below the 20-ounce stated weight on the package, what is the probability that she will end up filing suit against the company?

Reference no: EM13975381

Questions Cloud

How fast are the waves traveling : A fisherman notices that his boat is moving up and down periodically without any horizontal motion, owing to waves on the surface of the water. It takes a time of 2.90s for the boat to travel from its highest point to its lowest, a total distance ..
Company rental fleet experience punctures : The U-Drive car rental corporation has found that the cars in the company's rental fleet experience punctures at the rate of 1.25 punctures per 10,000 miles, and the number of punctures per distance traveled is Poisson distributed.
What is the contribution to profits from increasing : What is the contribution to profits from increasing advertising sales by $1 if Smith Corp. is currently spending between $500,000 and $600,000 on advertising?
Customer can request many trips on different dates and times : Customer can request many trips on different dates and times. 44.   Customer pays charges at flight completion. 45.   Customer may have credit account with charter. 46.   Customer may pay partial amount and charge the remainder to credit account.
Stated weight on the package : If the consumer advocate plans to purchase 100 boxes of the product, then file suit against the company if more than 5 of the boxes have content weights below the 20-ounce stated weight on the package, what is the probability that she will end up ..
Configure the hostname to be _router : When you are done with that, explain what else you might need to do when configuring a router and what could be done to make the process quicker.
Number of game minutes between ankle sprains : The trainer for a professional football team has found that, on the average, his team experiences 2.3 sprained ankles per 1000 game minutes. If a game lasts 60 minutes, and the number of game minutes between ankle sprains is exponentially distribu..
Probability that a randomly selected package : a. What is the probability that a randomly selected package of this cheese will actually contain at least 20.5 ounces? b. What is the probability that a randomly selected package of this cheese will actually contain between 20.5 and 21..
What is the most interesting thing you read in the article : 1. What is the most interesting thing you read in the article? 2. What are two ways brick-and-mortar commerce differ from e-commerce?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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