Solve the Problem. -Suppose a Brewery Has a Filling Machine That Fills 12

question 313

Multiple Choice

Solve the problem.
-Suppose a brewery has a filling machine that fills 12 ounce bottles of beer. It is known that the amount of beer poured by this filling machine follows a normal distribution with a mean of 12.49 ounces and a standard
Deviation of 0.04 ounce. Find the probability that the bottle contains between 12.39 and 12.45 ounces.

• A) 0.1649
• B) 0.1525
• C) 0.8351
• D) 0.8475

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Definitions:

Status Quo Bias

The tendency to avoid making a decision.

Irrational Behavior

Actions or decisions that contradict logic or reasoning, often deviating from expected or standard behavior.

Overconfidence

A cognitive bias where an individual overestimates their own ability, knowledge, or control over events.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.