Sugar Packaged by a Certain Machine Has a Mean Weight

question 139

Short Answer

Sugar packaged by a certain machine has a mean weight of 3 lb and a standard deviation of 0.02 lb. For what values of c can the manufacturer of the machinery claim that the sugar packaged by this machine has a weight between 3 - c and
3 + c lb with probability at least 96%? __________ lb

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Definitions:

Acquisition

The process by which one company takes over the control of or purchases another company.

Appraised Value

An estimate of the fair value of an asset, determined by a professional appraiser based on inspection and analysis of the asset and market conditions.

Consolidated Common Stock

The combined total of common stock held by a parent company and its subsidiaries, presented as a single item in consolidated financial statements.

Common Stock

A type of corporate equity ownership that confers a share in the company's profits and losses, as well as voting rights in corporate decisions.