The Coffee and Soup Machine at the Local Subway Station

question 120

Multiple Choice

The coffee and soup machine at the local subway station is supposed to fill cups with 6 ounces of soup.Ten cups of soup are bought with results of a mean of 5.93 ounces and a standard deviation of 0.13 ounces.Construct a 99 percent confidence interval for the true machine-fill amount.

• A) [5.75,5.99]
• B) [5.85,6.05]
• C) [5.90,6.00]
• D) [5.70,6.16]
• E) [5.80,6.06]

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Definitions:

Cartelized Market

A market situation where a small number of firms collaborate to control prices and production, limiting competition.

Cartel Members

Members of a cartel work together to control the production and pricing of goods in a particular market, effectively limiting competition.

International Zinc Cartel

An agreement among zinc producers to control zinc prices and production globally, often to manipulate market conditions.

Lower Output

Refers to a reduction in the quantity of goods or services produced by a company or sector.