A Previous Study of Nickels Showed That the The Standard

question 60

Multiple Choice

A previous study of nickels showed that the the standard deviation of the weight of nickels is 150 milligrams. A coin counter manufacturer wishes to find the 99% confidence interval for the average
Weight of a nickel. How many nickels does he need to weigh to be accurate within 15 milligrams?

• A) 100
• B) 666
• C) 955
• D) 542

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Definitions:

Operating Assets

Assets required for a company to conduct its daily business operations, including property, plant, and equipment, but excluding investments and non-operational assets.

Cost Center

A department or unit within an organization that does not directly contribute to profit but incurs costs for its operation.

Responsibility Center

Any business segment whose manager has control over costs, revenues, or investments in operating assets.

Queue Time

The duration a product or job order spends waiting to be processed, not including the time actually taken to complete the task.