What is the probability

Assignment Help Business Economics
Reference no: EM132329918

Packages of sugar bags for Sweeter Sugar Inc. have an average weight of 20 ounces and a standard deviation of 0.3 ounces. The weights of the sugar bags are normally distributed. What is the probability that 25 randomly selected packages will have an average weight more than 19.9 ounces?

Reference no: EM132329918

Questions Cloud

What is the price : A coupon bond has two years to maturity, a face value of $1000 and a coupon rate of 4%. If the yield to maturity is 2%, what is the price?
What is one weakness of easy-money policy : What is one weakness of tax-cut, which could render it ineffective? What is one weakness of easy-money policy, which could render it ineffective?
Determine the confidence interval : According to the sample results, the average pressure is 235 pounds and the standard deviation is 32 pounds. Determine the 99% confidence interval.
Population of lengths of aluminum-coated steel : The population of lengths of aluminum-coated steel sheets is normally distributed with a mean of 30.0 inches and a standard deviation of 0.9 inches.
What is the probability : What is the probability that 25 randomly selected packages will have an average weight more than 19.9 ounces?
Loss of economic efficiency and consumer surplus : If a monopoly generally brings a loss of economic efficiency and consumer surplus, why would a local government give only one utility company
Understanding the importance of budgeting : By understanding the importance of budgeting, you are more likely to avoid financial problems (debt).
Make post-secondary education free : If Ontario decided to make post-secondary education free, how would this affect the economy
Conducting a hypothesis test about a single mean : When conducting a hypothesis test about a single mean, other relevant factors held constant, changing the level of significance from .05 to .01 will reduce the

Reviews

Write a Review

Business Economics Questions & Answers

  Which approach would result in more economical assembly

The four-man team would be able to assemble a unit in one hour. Which approach would result in more economical assembly?

  Assume that in a private closed economy consumption

Assume that in a private closed economy consumption is $240 billion and investment is $50 billion, both at the $280 billion level of domestic output.

  Movie rentals and popcorn are complement goods for elizabeth

Movie rentals and popcorn are complement goods for Elizabeth.

  Function is widely used in economic research

The production function : q = L. This function is widely used in economic research. Using the function, show the following. statement in mathematical proof:

  What is gotcha profit-maximizing price and quantity

Gotcha, the only seller of stun guns, faces the inverse market demand curve P = 400 - 12Q, where Q measures the number of stun guns per day

  Monopoly with constant marginal cost

A monopoly with a constant marginal cost m has a profit maximizing price of p1. It faces a constant elasticity demand curve with elasticity e. After the government applies a specific tax of $1, its price is p2. What is the price change p2-p1 in terms..

  Diminishing marginal utility

Pretend that you have just been surprised with a genuine e-mail that says you have just been selected by your favourite pizza delivery company that every day for the next month you will receive your favourite pizza for lunch and another of that same ..

  Law of demand states that quantity demanded of good

?The law of demand states that quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes:

  Draw the budget constraint and indifference curves

Suppose a person has $20 to spend on music and likes both rap music (R) and country music (C) with a set of preferences so that U=C^1/2R^1/2. Write down the budget constraint equation for him. Show his optimal consumption choice in a graph. Use the h..

  What is the firms current profit

At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses the ..

  What are the implications for international marketing

What are the differences between consumer and industrial goods and what are the implications for international marketing? Please discuss.

  Gasoline prices have been very volatile

During the past year, gasoline prices have been very volatile. One reason given for at least some of the volatility is the threat of war between Israel and Iran. More recently, there has been a report of serious fire damage to Venezuela's largest ref..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd