The Coffee and Soup Machine at the Local Bus Station

question 32

Multiple Choice

The coffee and soup machine at the local bus station is supposed to fill cups with 6 ounces of soup.Ten cups of soup are bought with results of a mean of 5.93 ounces and a standard deviation of 0.13 ounces.How large a sample of soups would we need to be 95 percent confident that the sample mean is within 0.03 ounces of the population mean?

• A)97
• B)96
• C)73
• D)62
• E)10

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Definitions:

Bank Reconciliation

The process of matching the balances in an entity's accounting records with the corresponding bank statement.

Note Collected

A financial transaction where a note receivable, typically a written promise to pay a debt, is collected or paid off.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure they are in agreement.