The coefficient of variation

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M&M's weigh 0.86 grams on average with SD = 0.04 grams, so the coefficient of variation is 0.04/0.86 0.047. Suppose that we decide to label packages by count rather than weight. The system adds candy to a package until the weight of the package exceeds a threshold. How large would we have to set the threshold weight to be 99.5% sure that a package has 60 pieces?

Reference no: EM13827659

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The coefficient of variation : M&M's weigh 0.86 grams on average with SD = 0.04 grams, so the coefficient of variation is 0.04/0.86 0.047. Suppose that we decide to label packages by count rather than weight. The system adds candy to a package until the weight of the package excee..

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