The Amount of Bleach a Machine Pours into Bottles Has

question 52

Short Answer

The amount of bleach a machine pours into bottles has a mean of 36 oz.with a standard deviation of 0.15 oz.Suppose we take a random sample of 36 bottles filled by this machine.The probability that the mean of the sample exceeds 36.01 oz.is .

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Definitions:

Board of Governors

A governing body or executive committee that oversees the policy-making, management, and proper conduct of an organization, institution, or central bank.

New York Federal Reserve

One of the 12 Federal Reserve Banks of the United States, it plays a key role in monetary policy, financial supervision, and the payment system.

Interest On Reserves

The rate paid by central banks to financial institutions on the excess reserves they hold at the central bank.

Money Supply

The complete financial assets volume in an economy at a designated point in time.