A Manufacturing Company Measures the Weight of Boxes Before Shipping

question 109

Multiple Choice

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 lbs.and 24 lbs.respectively,then based on a sample size of 36 boxes,the probability that the average weight of the boxes will be less than 84 lbs.is:

• A)16.87%
• B)93.32%
• C)43.32%
• D)6.678%
• E)84.13%

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Definitions:

Cash Payments

Financial transactions involving the transfer of cash from one party to another, typically as a form of payment for goods, services, or expenses.

Noncash Investing

Investment activities that affect the long-term assets of a company but do not result in cash outlays in the immediate term.

Financing Activities

Transactions that involve raising funds to finance the company's operations and expansions, such as issuing stocks or bonds.

Investing Activities

Transactions involving the purchase or sale of long-term assets and investments not included in cash equivalents.