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The weights of items produced by a company are normally distributed with a mean of 4.5 ounces and a standard deviation of 0.3 ounces.
a.What is the probability that a randomly selected item from the production will weigh at least 4.14 ounces?
b.What percentage of the items weigh between 4.8 to 5.04 ounces?
c.Determine the minimum weight of the heaviest 5% of all items produced.
d.If 27,875 of the items of the entire production weigh at least 5.01 ounces, how many items have been produced?
Business Transaction
An economic event or condition that directly changes an entity’s financial condition or directly affects its results of operations.
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A detailed record where all financial transactions of a business are initially recorded in chronological order.
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Acquiring goods, services, or assets in exchange for money or its equivalent.
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