The Weights of Items Produced by a Company Are Normally

question 128

Short Answer

The weights of items produced by a company are normally distributed with a mean of 4.5 ounces and a standard deviation of 0.3 ounces.
a.What is the probability that a randomly selected item from the production will weigh at least 4.14 ounces?
b.What percentage of the items weighs between 4.8 and 5.04 ounces?
c.Determine the minimum weight of the heaviest 5% of all items produced.
d.If 27,875 of the items of the entire production weigh at least 5.01 ounces, how many items have been produced?

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Definitions:

Note Payable

A liability representing a written promise to pay a specified amount of money at a future date, often including interest payments.

Maturity

The date on which a financial instrument, such as a bond or loan, becomes due and the principal is to be repaid.

Notes Payable

A written agreement where a borrower agrees to pay back a lender a specific amount of money, often with interest, by a certain date, recorded as a liability in financial statements.

Interest Expense

The cost incurred by an entity for borrowed funds, often reported on the income statement.