A Brewery Has a Beer Dispensing Machine That Dispenses Beer

question 46

Multiple Choice

A brewery has a beer dispensing machine that dispenses beer into the companyʹs 12 ounce bottles. Thedistribution for the amount of beer dispensed by the machine follows a normal distribution with a standarddeviation of 0.10 ounce. The company can control the mean amount of beer dispensed by the machine. Whatvalue of the mean should the company use if it wants to guarantee that 98.5% of the bottles contain at least 12ounces (the amount on the label) ? Round to the nearest thousandth.

• A) 12.217 oz
• B) 12.243 oz
• C) 12.002 oz
• D) 12.001 oz

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Definitions:

Balanced Scorecard

A management and planning approach designed to align a company's operations with its vision and strategy, enhance communication both internally and externally, and track the organization's performance in relation to strategic objectives.

Financial Measures

Metrics and ratios used to evaluate the financial health and performance of a business, such as net income, return on equity, or debt-to-equity ratio.

Future Financial Performance

An estimate or forecast of a company's financial outcomes in future periods based on current data and trends.

Direct Costs

Direct costs refer to expenses that can be directly attributed to the production of specific goods or services, such as raw materials and labor.