Examlex

Solved

A Cola-Dispensing Machine Is Set to Dispense a Mean of 2.02

question 72

Multiple Choice

A cola-dispensing machine is set to dispense a mean of 2.02 liters into a container labeled 2 liters. Actual quantities dispensed vary,and the amounts are normally distributed with a standard deviation of 0.015 liters. What is the probability a container will have less than 2 liters?


Definitions:

Lottery Winnings

Money or prizes won through a system of random drawing or chance.

Annual Payments

The amounts that need to be paid once every year as part of a financial obligation.

EAR

Effective Annual Rate, a representation of an interest rate that takes into account the compounding of interest, shown as an annual rate.

Preferred Stock

A type of stock that entitles the holder to a fixed dividend, whose payment takes priority over that of common-stock dividends.

Related Questions