An Apple Juice Producer Buys All His Apples from a Conglomerate

question 19

Multiple Choice

An apple juice producer buys all his apples from a conglomerate of apple growers in one northwestern state.The amount of juice squeezed from each of these apples is approximately normally distributed with a mean of 2.25 ounces and a standard deviation of 0.15 ounce.What is the probability that a randomly selected apple will contain more than 2.50 ounces?

• A).9525
• B).4525
• C).0475
• D).5474

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Definitions:

Special Order

is an order that is outside of a company’s normal production schedule and often requires unique specifications or pricing.

Vertically Integrated

A company structure where the company controls multiple stages of production, distribution, or both within the same industry.

Entire Value Chain

The full range of activities involved in designing, producing, marketing, and selling a product or service, from initial concept to delivery to the end user.

Variable Selling

Costs associated with selling that vary directly with the level of sales activity.