An Apple Juice Producer Buys All His Apples from a Conglomerate

question 32

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 between 2.00 and 3.00 ounces?

• A).0475
• B).4525
• C).9525
• D).9554

---

Definitions:

Net Cash Flows

The difference between a company's cash inflows and cash outflows within a specific period.

Net Present Value

A method of evaluating investment opportunities that calculates the difference between the present value of cash inflows and outflows over a period of time.

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.