Examlex

Solved

The Precision Scientific Instrument Company Manufactures Thermometers That Are Supposed 0C0 ^ { \circ } \mathrm { C }

question 101

Multiple Choice

The Precision Scientific Instrument Company manufactures thermometers that are supposed to give readings of 0C0 ^ { \circ } \mathrm { C } at
the freezing point of water. Tests on a large sample of these thermometers reveal that at the freezing point of water, some
give readings below 0C0 ^ { \circ } \mathrm { C } (denoted by negative numbers) and some give readings above 0C0 ^ { \circ } \mathrm { C } (denoted by positive
numbers) . Assume that the mean reading is 0C0 ^ { \circ } \mathrm { C } and the standard deviation of the readings is 1.00C1.00 ^ { \circ } \mathrm { C } Also assume that the
frequency distribution of errors closely resembles the normal distribution. A thermometer is randomly selected and
tested. Find the temperature reading corresponding to the given information.
-If 6.3% of the thermometers are rejected because they have readings that are too high and another 6.3% are rejected because they have readings that are too low, find the two readings that are cutoff values separating the
Rejected thermometers from the others.


Definitions:

Tax Information

Relevant data and documents related to tax laws, filing requirements, rates, and deductions applicable to individuals or businesses.

IRS

The Internal Revenue Service, a U.S. government agency responsible for the collection of taxes and enforcement of tax laws.

C Corporation

A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.

Chart of Accounts

A systematic listing of all accounts used in the general ledger of an organization, categorized by assets, liabilities, equity, revenues, and expenses.

Related Questions