The Amount of Corn Chips Dispensed into a 16-Ounce Bag

question 46

Multiple Choice

The amount of corn chips dispensed into a 16-ounce bag by the dispensing machine has been identified aspossessing a normal distribution with a mean of 16.5 ounces and a standard deviation of 0.2 ounce. Suppose100 bags of chips were randomly selected from this dispensing machine. Find the probability that the samplemean weight of these 100 bags exceeded 16.6 ounces.

• A) approximately 0
• B) 0.1915
• C) 0.3085
• D) 0.6915

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Definitions:

Curvilinear

Describes a relationship between two variables that is graphed as a curved line.

Compounded Interest

This refers to the calculation of interest on the original principal amount as well as on the interest that has accrued in earlier times, applicable to both deposits and loans.

Rate Of Return

The earning or losing of funds on an investment throughout a defined timeframe, detailed as a percentage of the original amount invested.

Profits

The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.