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The Distribution of the Number of Loaves of Bread Sold

question 146

Short Answer

The distribution of the number of loaves of bread sold per day by a large bakery over the past five years has a mean of 7,750 and a standard deviation of 145 loaves. Suppose a random sample of n = 40 days has been selected. What is the approximate probability that the mean number of loaves sold in the sampled days exceeds 7,895 loaves?

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Definitions:

Goods

Tangible, movable objects intended for sale or personal use, excluding real estate and intangible items.

Risk of Loss

The potential that an asset or investment will decrease in value or become worthless, also refers to the responsibility for damage or loss of goods in commerce.

Conformed

The action of making one thing compatible with another, often referring to the modification of documents to match certain standards or requirements.

Common Law

A body of law based on judicial decisions and precedents, rather than statutes, applicable in jurisdictions that follow the English legal tradition.

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