The J R Simplot Company Is One of the World's

question 100

Multiple Choice

The J R Simplot Company is one of the world's largest privately held agricultural companies, employing over 10,000 people in the United States, Canada, China, Mexico, and Australia. More information can be found at the company's Web site: www.Simplot.com. One of its major products is french fries that are sold primarily on the commercial market to customers such as McDonald's and Burger King. French fries have numerous quality attributes that are important to customers. One of these is called "dark ends," which are the dark-colored ends that can occur when the fries are cooked. Suppose a major customer will accept no more than 0.06 of the fries having dark ends. Recently, the customer called the Simplot Company saying that a recent random sample of 300 fries was tested from a shipment and 27 fries had dark ends. Assuming that the population does meet the 0.06 standard, what is the probability of getting a sample of 300 with 27 or more dark ends?

• A) 0.0341
• B) 0.0162
• C) 0.0012
• D) 0.0231

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Definitions:

Innovation

The process of taking a new idea and putting it into practice.

Base Compensation

The initial salary or wage that is paid to an employee, not including any additional benefits, bonuses, or overtime.

Emolument

A salary, fee, or profit from employment or office - the compensation received for work or services provided.

Indemnity

A financial compensation for loss or damage incurred, or a protection against future financial liabilities.