The State Department of Weights and Measures Is Responsible for Making

question 70

Multiple Choice

The State Department of Weights and Measures is responsible for making sure that commercial weighing and measuring devices,such as scales,are accurate so customers and businesses are not cheated.Periodically,employees of the department go to businesses and test their scales.For example,a dairy bottles milk in 1-gallon containers.Suppose that if the filling process is working correctly,the mean volume of all gallon containers is 1.00 gallon with a standard deviation equal to 0.10 gallons.Based on this information,if the department employee selects a random sample of n = 9 containers,what is the probability that the mean volume for the sample will be greater than 1.01 gallons?

• A)0.3821
• B)0.1179
• C)0.6179
• D)0.2358

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Definitions:

Declining Balance Depreciation

A depreciation method that applies a constant rate to the declining book value of an asset, resulting in accelerated depreciation.

Straight-Line Rate

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.

End Assets

End assets refer to the total assets a company reports on its balance sheet at the end of a specific financial period.

Residual Value

The estimated value of an asset at the end of its useful life, reflecting what it could be sold for or its salvage value.