A Machine Is Supposed to Fill Juice Bottles with 16

question 60

Multiple Choice

A machine is supposed to fill juice bottles with 16 fluid ounces of juice. The manufacturer picks a sample of bottles which have been filled by the machine and determines the volume of juice in each bottle. The results are shown in the stem-and-leaf diagram below. The leaf unit is 0.1. $$\begin{array} { l | l } 15 & 1 \\15 & 3 \\15 & 45 \\15 & 667777 \\15 & 888899999 \\16 & 00000011111 \\16 & 222223333 \\16 & 445 \\16 & 66 \\16 & 8\end{array}$$
What is the smallest volume of juice (in fluid ounces) measured for the bottles sampled?

• A)15 fluid ounces
• B)151 fluid ounces
• C)15.1 fluid ounces
• D)16 fluid ounces

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Definitions:

Stated Interest

The interest rate declared on a bond or loan that represents the actual annual cost of borrowing to the borrower.

Compound Interest

Interest earned on both the initial principal and the interest reinvested from prior periods.

Annuity Stream

A series of equal cash flows distributed at regular intervals over a specified period.

Cash Flow Payments

Transactions involving the inflow and outflow of cash, representing the payment of expenses or receipt of income by an individual or business.