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A Local Company Makes Snack Size Bags of Potato Chips

question 90

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A local company makes snack size bags of potato chips.Each day,the company produces batches of 400 snack size bags using a process designed to fill each bag with an average of 2 ounces of potato chips.However,due to imperfect technology,the actual amount placed in a given bag varies.Assume the amount placed in each of the 400 bags is normally distributed and has a standard deviation of 0.1 ounces.What is the probability that a sample of 40 bags has an average weight of at least 2.02 ounces?


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Margin Deposit

The initial amount of money placed in a margin account, used as collateral for borrowing money to buy securities on margin.

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Futures contracts where the underlying asset is an individual stock, allowing speculation or hedging on the future price of the stock.

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Futures contracts based on stock market indices, used by investors to speculate on or hedge against future movements in the market index.

OneChicago

A financial entity offering a marketplace for trading futures on individual stocks, ETFs, and indexes.

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