Instruction 5.6 the Quality Control Manager of Marilyn's Biscuits Is Inspecting a Inspecting

question 167

Short Answer

Instruction 5.6
The quality control manager of Marilyn's Biscuits is inspecting a batch of chocolate chip biscuits. When the production process is in control, the average number of chocolate chip parts per biscuit is 6.0.
-Referring to Instruction 5.6,what is the probability that any particular biscuit being inspected has between 5.0 and 8.0 inclusive chip parts?

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Definitions:

External Financing Needed

The additional funds a company requires from external sources to finance its planned activities or growth when internal cash flows are insufficient.

Profit Margin

A measure of profitability calculated as net income divided by revenues, expressed as a percentage.

Capital Intensity Ratio

A metric that measures the amount of assets required to generate one dollar of revenue; the higher the ratio, the more capital-intensive the business.

Dividend Payout Ratio

The fraction of net earnings a firm pays to its shareholders as dividends, expressed as a percentage of the company’s total net income.