North Pacific Cannery (NPC) in British Columbia Cans an Average

question 101

Multiple Choice

North Pacific Cannery (NPC) in British Columbia cans an average of 1250 cases of salmon daily, with a standard deviation of 40 cases.Assuming output has a normal distribution, on what proportion of days is NPC's output either less than 1180 cases or more than 1320 cases?

• A).0802
• B).1082
• C).1193
• D).0925
• E).1367

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Definitions:

Trade Accounts Receivables

Amounts owed to a business by its customers from the sale of goods or services on credit.

Danish Krones

The currency of Denmark, used as the primary means of exchange within the country.

Hedge Accounting

A method of accounting where entries for the ownership of a security and the opposing hedge are treated as one. It aims to reduce the volatility seen in financial statements.

Hedge Relationship

A connection between a hedging instrument and the risk it is intended to offset, ensuring that changes in the value of one are counterbalanced by changes in the other.