Suppose a Brewery Has a Filling Machine That Fills 12

question 81

Multiple Choice

Suppose a brewery has a filling machine that fills 12 ounce bottles of beer. It is known that the amount of beerpoured by this filling machine follows a normal distribution with a mean of 12.29 ounces and a standarddeviation of 0.04 ounce. Find the probability that the bottle contains between 12.19 and 12.25 ounces.

• A) 0.1525
• B) 0.8351
• C) 0.1649
• D) 0.8475

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Definitions:

Long-Run

A period where all inputs or factors of production can be varied by firms, allowing them to adjust all aspects of their operations.

Shut Down

The process of ceasing operations, typically in a business context, either temporarily or permanently.

AVC

Average Variable Cost, which is the total variable costs of production divided by the quantity of output produced.

Average Variable Cost

The variable costs associated with production when divided by the total units manufactured, indicating the cost per unit that varies.