Suppose the Mean Number of Candies in a Standard Vending

question 159

Essay

Suppose the mean number of candies in a standard vending machine bag is 47.6, with a standard
deviation of 1.3. Assume that the number of candies per package is normally distributed.
a. Fill in the blanks below the normal curve with the appropriate information. b. If you buy 1,000 packages of candies, about how many bags would you expect to have between
46 and 49 M&M's in it?
c. What percentage of the bags have less than 45 candies?

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Definitions:

Lease Term

The duration for which a lease agreement is effective, specifying the start and end dates.

Modified Accelerated Cost Recovery System

A tax depreciation system in the United States that allows for faster asset depreciation in the early years of asset life.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset evenly over its useful life, used for accounting and tax purposes.

Double Declining-Balance Depreciation

A method of accelerated depreciation which doubles the rate at which an asset’s book value depreciates compared to straight-line depreciation.