Chocolate Bars Produced by a Certain Machine Are Labeled 8

question 64

Multiple Choice

Chocolate bars produced by a certain machine are labeled 8.0 ounces.The distribution of the actual weights of these chocolate bars is claimed to be Normal with a mean of 8.1 ounces and a standard deviation of 0.1 ounces.If the quality control manager takes a simple random sample of 10 chocolate bars from the production line,what is the probability that the sample mean weight of the 10 sampled chocolate bars will be less than 8.0 ounces?

• A)0
• B)0.00078
• C)0.0316
• D)0.1587

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Definitions:

Installment Sales Method

An accounting technique used to recognize revenue from sales when payments are received in installments over a period of time.

Tax Purposes

The reasons or motivations behind decisions or actions taken to comply with tax laws and regulations.

Valuation Allowance

A reserve created to account for future tax benefits that may not be realized, reducing the reported value of deferred tax assets to an amount that is more likely to be realized.

Deferred Tax Asset

This asset reflects the future tax benefits that a company is entitled to, due to deductible temporary differences and carryforwards.