The Amount of Soda a Dispensing Machine Pours into a 12

question 36

Multiple Choice

The amount of soda a dispensing machine pours into a 12 ounce can of soda follows a normal distribution witha standard deviation of 0.06 ounce. Every can that has more than 12.15 ounces of soda poured into it causes aspill and the can needs to go through a special cleaning process before it can be sold. What is the mean amountof soda the machine should dispense if the company wants to limit the percentage that need to be cleanedbecause of spillage to 3%?

• A) 12.0372 oz
• B) 12.2628 oz
• C) 12.0198 oz
• D) 12.2802 oz

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Definitions:

Residual Value Guarantee

A promise that at the end of a lease, the asset being leased will have a certain value, often used in finance and leasing agreements.

Minimum Lease Payments

The total of all lease payments that the lessee is required to make over the lease term, excluding executory costs.

Present Value

The present value of a future amount of money or series of cash flows, calculated using a designated rate of return.

Guaranteed Amount

A specific sum assured to be paid, often in the context of insurance or investment products, regardless of variable conditions.