THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 136

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The filling machine at a bottling plant is operating correctly when the variance of the fill amount is equal to 0.3 ounces.Assume that the fill amounts follow a normal distribution.
-The probability is 0.10 that for a sample of 30 bottles,the sample variance is less than what number?

---

Definitions:

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability protection to its shareholders and being capable of owning assets, entering contracts, and sue or being sued.

Accounts Receivable Turnover

A financial ratio indicating how many times a company's accounts receivable are collected during a period, reflecting the efficiency of credit policies and collection efforts.

Financial Information

Data and facts related to the monetary performance and position of an entity, including revenues, expenses, assets, and liabilities.

Debt Ratio

A financial ratio that measures the proportion of a company's total debt to its total assets.