A New Machine Is Set or Calibrated to Fill Tubes

question 63

Multiple Choice

A new machine is set or calibrated to fill tubes of toothpaste at precisely 6.75 ounces. Then,once the machine is running,a sample of six tubes is taken every three hours and weighed with the following results: What is X-bar for 7 am?

• A)6.72
• B)6.74
• C)6.78
• D)6.80

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Definitions:

Installment Note

A debt instrument that requires a series of payments over time, including interest and principal.

Annual Payment

A recurring payment made once a year, often related to loans, insurance policies, or subscriptions.

Cash

Currency and other items that are accepted by banks for deposit and are readily available for use.

Bond Issue Prices

The price at which a bond is sold to the public, which may be at a premium or discount to its face value.