An Apple Juice Producer Buys All His Apples from a Conglomerate

question 141

Multiple Choice

An apple juice producer buys all his apples from a conglomerate of apple growers in one northwest state.The amount of juice squeezed from each of these apples is approximately normally distributed with a mean of 2.25 ounces and a standard deviation of 0.15 ounce. 77% of the apples will contain at least how many ounces of juice?

• A)2.12
• B)2.38
• C)2.36
• D)2.14

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Definitions:

Developed Countries

Nations with advanced economic systems, high levels of income per capita, and generally high standards of living.

Worker Health

Refers to the physical and mental well-being of employees in their workplace, significantly impacting productivity and satisfaction.

Efficiency Wages

Wages that are deliberately set above the market equilibrium to increase productivity, reduce turnover, or improve the quality of applicants.

Labor Surplus

A situation in the labor market where the supply of labor exceeds the demand for labor, often leading to unemployment.