A Machine Is Set to Pump Cleanser into a Process

question 65

Multiple Choice

A machine is set to pump cleanser into a process at the rate of 7 gallons per minute. Upon inspection, it is learned that the machine actually pumps cleanser at a rate described by the uniform distribution over the interval 6.5 to 9.5 gallons per minute. What is the probability that at the time the machine is checked it is pumping more than 8.0 gallons per minute?

• A) .50
• B) .7692
• C) .667
• D) .25

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold.

Treasury Stock-Common

Shares of a company's own stock that it has reacquired from shareholders and are considered issued but not outstanding.

Par Common Stock

The nominal or face value of common stock as specified in the corporate charter, which bears no direct relation to its market value.

Purchase Price

The amount of money paid to acquire a good, service, or asset.