A Local Company Makes Snack-Size Bags of Potato Chips

question 50

Multiple Choice

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 ounce.What is the probability that a sample of 40 bags has an average weight of at least 2.02 ounces?

• A) 0.0150
• B) 0.0918
• C) 0.1038
• D) 0.4207

Identify and describe the major personality traits and their effects on behavior and outcomes.

Recognize the uniqueness of individual personalities and the concept of consistency in personality.

Differentiate between various personality theories and their focus areas.

Comprehend the Big Five personality model and its application.

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Definitions:

Economic Crisis

A situation where an economy faces a sudden downturn brought on by a financial crisis, resulting in high unemployment and inflation.

Foreclosure Rates

The frequency at which properties are forced to be sold due to the owner's failure to pay the mortgage.

Down Payment

An initial, upfront partial payment for the purchase of expensive items/services, typically associated with the purchase of a home or vehicle.

Freddie Mac

A public government-sponsored enterprise (GSE) that operates in the secondary mortgage market to increase the availability and affordability of home loans.