The Weight of a Product Is Measured in Pounds

question 42

Multiple Choice

The weight of a product is measured in pounds.A sample of 50 units is taken from a batch.The sample yielded = 75 lbs. ,and we know that σ² = 100 lbs.Calculate a 90 percent confidence interval for μ.

• A)[73.19,76.81]
• B)[51.74,98.26]
• C)[72.67,77.33]
• D)[67.50,82.50]

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Definitions:

Supply Chain

The entire network of organizations involved in creating and delivering a product or service, from raw materials to the end user.

Marginal Subcontracting Cost

The additional cost incurred by a company when it chooses to outsource work or production to a subcontractor instead of handling it internally.

Layoff Cost

Expenses incurred by a company when it dismisses employees, including severance pay, benefits continuation, and other related costs.

Hiring And Training Cost

The expenses associated with recruiting, hiring, and providing initial training for new employees.