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A Manufacturing Company Measures the Weight of Boxes Before Shipping

question 31

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A manufacturing company measures the weight of boxes before shipping them to the customers. If the box weights have a population mean and standard deviation of 90 kg and 24 kg respectively, then based on a sample size of 36 boxes, the probability that the average weight of the boxes will:
-Be less than 84 kg is:

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Definitions:

Cash Outflows

Money or cash disbursed by the business for various purposes, such as paying expenses, investing in assets, or repaying debts.

Cash Inflows

Money received by a business from its various activities, including sales, financing, and investments.

Discounting

The process of determining the present value of a payment or a stream of payments that is to be received in the future.

Future Amount

The projected value of a current asset or amount of money at a specified future date, taking into account factors like interest or growth rates.

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