Find the Indicated Probability or Percentage for the Sampling Error

question 49

Multiple Choice

Find the indicated probability or percentage for the sampling error.
-The amount of coffee that a filling machine puts into an 8-ounce jar is normally distributed with a mean of 8.2 ounces and a standard deviation of 0.18 ounce. Determine the percentage of samples of
Size 16 that will have mean amounts of coffee within 0.1 ounce of the population mean of 8.2
Ounces.

• A)42.46%
• B)97.36%
• C)71.23%
• D)98.68%

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Cost-volume-profit Analysis

An accounting technique used to determine how changes in costs, sales volume, and price affect a company's profit.

Cost-volume-profit Analysis

An accounting method used to determine how changes in costs and volume affect a company's operating income and net income.

Fixed Costs

Expenses that do not change significantly with the level of business activity, such as rent, salaries, and loan payments.