The Chief Chemist for a Major Oil and Gasoline Production

question 12

Multiple Choice

The chief chemist for a major oil and gasoline production company claims that the regular unleaded gasoline produced by the company contains on average 4 ounces of a certain ingredient.The chemist further states that the distribution of this ingredient per gallon of regular unleaded gasoline is normal and has a standard deviation of 1.2 ounces.What is the probability of finding an average in excess of 4.3 ounces of this ingredient from 100 randomly inspected 1-gallon samples of regular unleaded gasoline?

• A).5987
• B).4013
• C).9938
• D).0062

Recognize the criteria for proving deception under Section 5 of the FTC Act.

Understand the limitations of the Magnuson-Moss Act regarding sales to manufacturing plants and commercial equipment.

Acknowledge the role and jurisdiction of the Federal Trade Commission (FTC) as a federal versus state agency.

Grasp the applicability of the Equal Credit Opportunity Act (ECOA) in both consumer and commercial credit contexts.

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Definitions:

Neutralization

A chemical reaction in which an acid and a base react quantitatively to form water and a salt, effectively balancing the acid and base.

HCl

Hydrochloric acid, a strong corrosive acid that is a solution of hydrogen chloride in water, used in industrial and manufacturing processes.

NaOH

Sodium hydroxide, a strong alkaline compound used in the manufacturing of various products, such as paper, textiles, and soaps.

KBr

Potassium Bromide, a chemical compound used in photography, pharmaceuticals, and as a sedative in veterinary medicine.