TABLE 6-5 a Company Producing Orange Juice Buys All Its Oranges from Oranges

question 174

Short Answer

TABLE 6-5
A company producing orange juice buys all its oranges from a large orange orchard. The amount of juice that can be squeezed from each of these oranges is approximately normally distributed with a mean of 4.7 ounces and some unknown standard deviation. The company's production manager knows that the probability is 30.85% that a randomly selected orange will contain less than 4.5 ounces of juice. Also the probability is 10.56% that a randomly selected orange will contain more than 5.2 ounces of juice. Answer the following questions without the help of a calculator, statistical software or statistical table.
-Referring to Table 6-5, what is the probability that a randomly selected orange will contain between 4.5 and 5.2 ounces of juices?

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Definitions:

Consumer Goods

Items produced for personal use by households.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.

Economic Growth

A rise in the output of goods and services in the economy, measured from one time period to another.

Consumer Goods

Items bought by the typical consumer for their own use, encompassing long-lasting items, perishable products, and various services.