The Weights of Items Produced by a Company Are Normally

question 74

Short Answer

The weights of items produced by a company are normally distributed with a mean of 4.5 ounces and a standard deviation of 0.3 ounces.
a.What is the probability that a randomly selected item from the production will weigh at least 4.14 ounces?
b.What percentage of the items weigh between 4.8 to 5.04 ounces?
c.Determine the minimum weight of the heaviest 5% of all items produced.
d.If 27,875 of the items of the entire production weigh at least 5.01 ounces, how many items have been produced?

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Definitions:

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest in the company.

Owner's Drawings

The funds taken from the business by the owner for personal use, not considered as salary or wages.

Owner Drawings

Refers to the money or assets taken out of a business by the owner(s) for personal use.

Net Income

The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenue.