The St Joe Company Grows Pine Trees and the Average Annual

question 74

Multiple Choice

The St. Joe Company grows pine trees and the average annual increase in tree diameter is 3.1 inches with a standard deviation of 0.5 inch. A random sample of n = 50 trees is collected. What is the probability of the sample mean being less the 2.9 inches?

• A) 0.4977
• B) 0.0023
• C) 0.9977
• D) 0.9954

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Definitions:

Fill Orders

The process by which companies prepare and deliver products or services as requested by customers in purchase orders.

External Failure Cost

Costs incurred when products fail to meet quality standards after being delivered to the customer, including returns, repairs, and warranties.

Quality Cost Report

A document or set of data analyzing the costs associated with ensuring the quality of products or services, including prevention, appraisal, and failure costs.

External Failure Cost

Costs incurred when a product fails to meet quality standards after being delivered to customers, including returns, repairs, and warranty claims.