Suppose a Brewery Has a Filling Machine That Fills 12-Ounce

question 57

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 12.47 ounces and a standarddeviation of 0.04 ounce. The company is interested in reducing the amount of extra beer that is poured into the12 ounce bottles. The company is seeking to identify the highest 1.5% of the fill amounts poured by thismachine. For what fill amount are they searching? Round to the nearest thousandth.

• A) 12.557 oz
• B) 11.913 oz
• C) 12.383 oz
• D) 12.087 oz

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Definitions:

Capital Market Securities

Financial instruments such as stocks and bonds that are traded in capital markets and represent long-term funding sources for corporations and governments.

Money Markets

Markets where short-term financial instruments and securities are traded, facilitating the lending and borrowing of funds with maturities of one year or less.

Securities Dealers

Financial professionals who buy and sell securities on behalf of their clients, and sometimes for their own accounts.

Stock Brokers

Professionals who act as intermediaries between investors and the stock market, facilitating the buy and sell transactions of stocks on behalf of their clients.