The State Department of Weights and Measures Is Responsible for Making

question 5

Multiple Choice

The State Department of Weights and Measures is responsible for making sure that commercial weighing and measuring devices, such as scales, are accurate so customers and businesses are not cheated. Periodically, employees of the department go to businesses and test their scales. For example, a dairy bottles milk in 1-gallon containers. Suppose that if the filling process is working correctly, the mean volume of all gallon containers is 1.00 gallon with a standard deviation equal to 0.10 gallon. Based on this information, if the department employee selects a random sample of n = 9 containers, what is the probability that the mean volume for the sample will be greater than 1.01 gallons?

• A) 0.3821
• B) 0.1179
• C) 0.6179
• D) 0.2358

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Definitions:

Operating Cash Flows

The amount of cash generated by a company's normal business operations.

Fixed Assets

Durable physical assets employed in a company's operations, which are not anticipated to be turned into cash quickly.

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for over a specific period.

Inventory Turnover

A metric that displays the frequency at which a company's stock is sold and replenished during a certain timeframe.