Compute At-Least Probabilities
-Two Companies, a and B, Package and Market

question 251

Multiple Choice

Compute At-least Probabilities
-Two companies, A and B, package and market a chemical substance and claim $0.15$ of the total weight of the substance is sodium. However, a careful survey of 4,000 packages (half from each company) indicates that the proportion varies around $0.15$ , with the results shown below. Find the percentage of all chemical B packages that contain a sodium total weight proportion above $0.150$ .

• A) \(80 \%\)
• B) \(40 \%\)
• C) \(50 \%\)
• D) \(55 \%\)

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Definitions:

Assets

Resources owned or controlled by a business that are expected to produce economic value.

Liabilities

Financial obligations or debts that a company owes to external parties, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Creditors

Individuals or entities that are owed money by a debtor because they have provided goods, services, or loans.

Statement Of Changes In Equity

A financial statement that shows how the equity of a company has changed over a period due to various factors like profits, losses, and distributions to shareholders.