What percentage of all bottles produced contains less

Assignment Help Econometrics
Reference no: EM13203994

"DRUGS R US" is a large manufacturer of various kinds of liquid vitamins. The quality control department has noted that the bottles of vitamins marked 6 ounces vary in content with a standard deviation of 0.3 ounces. Assume the contents of the bottles are normally distributed.

a. What percentage of all bottles produced contains more than 6.51 ounces of vitamins?

b. What percentage of all bottles produced contains less than 5.415 ounces?

c. What percentage of bottles produced contains between 5.46 and 6.495 ounces?

d. Ninety-five percent of the bottles will contain at least how many ounces?

e. What percentage of the bottles contains between 6.3 and 6.6 ounces?

Reference no: EM13203994

Questions Cloud

Explain the activity-based costing system : Explain the activity-based costing system and its limitations and A company can sell its products for $20 each. The variable cost of each product is $10.
How much did the company set aside if the certificate : Valtro Electronic Systems, Inc. set aside a lump sum of money 4 years ago in order tofinance a plant expansion now. If the money was invested in a plant expansion now. If money was invested in a 10% per year simple interest certificate of deposit.
Explain two real-life examples with linear equations : Describe two real-life examples where linear equations are used either at home or on the job. For ideas, look in the textbook or online. Look around at home and at work to see what strikes you as being similar in your own life.
Define transaction-translation and economic exposure : Which is the best strategy for ABC to avoid paying the least amount of Australian dollars by hedging its exchange rate risk, forward or option?
What percentage of all bottles produced contains less : "DRUGS R US" is a large manufacturer of various kinds of liquid vitamins. The quality control department has noted that the bottles of vitamins marked 6 ounces vary in content with a standard deviation of 0.3 ounces. Assume the contents of the bot..
Issues in multicultural psychology : Describe the impact that these issues will have on society. Explain how these issues will affect the interaction among culturally diverse groups.
Define the angle of elevation to the top of the tower : the angle of elevation to the top of the tower is twice the angle of elevation at a point 1120 feet from the base of the tower. You are to determine the height of the tower.
State what year will the attendance be less : The number attending is 2/3 of the previous year's attendance, in what year will the attendance be less than 1/3 the original attendance
Diffusion of buddhism from its origins to the 6th century : Compare and contrast the diffusion of Buddhism from its origins to the 6th century CE with the diffusion of Christianity from its origins to the 6th century CE.

Reviews

Write a Review

Econometrics Questions & Answers

  Determine the poverty rate for country

There are 20 million households in Country X and 4 million of them are below the poverty line. What is the poverty rate for Country X?

  How much interest is accrued annually

Mike salary will stay at $60,000 per year until he retires. He currently has $82,345 in his retirement fund, which earns 7% annually. He is now 43, and he expects to live until he is 81(he found a website that predicted his life span based on his c..

  Do the opportunity costs of borrowing differ

Lenders perceive that you are risky, so you must pay 12 percent annual interest to borrow from one of them. You only receive 6 percent on funds you have deposited in the bank. Do the opportunity costs of borrowing and using your own funds differ.

  Describe the separation of ownership and control

A friend convinces you that she has a great idea for a business, and the two of you incorporate. You supply her with funds and let her make all of the executive decisions. Under the agreement you hold 30 percent of the firm's stock and your friend..

  What future amount of money will be accumulated

WHAT FUTURE AMOUNT OF MONEY WILL BE ACCUMULATED 10 YEARS FROM NOW BY INVESTING $1000 NOW PLUS $2000 FIVE YEARS FROM NOW AT 6% INTEREST COMPOUNDED SEMI-ANNUALLY

  What is the equilibrium price and quantity of apples

1.) Suppose \(P_B = m = $1\) derive Larry's demand function. 2.) Larry buys his apples from Mary. Mary supplies apples according to \(q_s = -4 +20p\) What is the equilibrium price and quantity of Apples 3.) What is the price elasticity of demand in..

  Evaluating the results of regression

Gold Trackers watching the value of precious metals and has daily information on prices and sales of gold for the last many years.

  Write an expression describing total revenue

The Metropolitan Symphony in Toledo, Ohio, has had great success with a "Senior Citizens' Night" promotion. By offering half off its regular $20 admission price, average nightly attendance has risen from 4,000 to 6,000 persons.

  Determine the mean and standard deviation

An investment opportunity has the potential of generating yearly revenues with the associated probabilities for the next five years as shown below. The salvage value at the end of five years is 0. The potential revenue in any given year is indepen..

  Which of the options has the highest risk

Cameron is an investor trying to decide among the following three different investment options. Option A:Price today: $1000 One year from today Cameron will receive one of the following payments: $1,250 with a probability of 90%

  Determine the companys gross profit averages

Mr. Wayne, CFO, provides you with the following information based on experience and management policy. All sales are credit sales and are billed the last day of the month of sale. Customers paying within 10 days of the billing date may take a 2 pe..

  Find the elasticity of demand for computers

Computers are sold competitively. Each computer, such as a Dell or Compaq, contains an operating system, such as Windows, that is pre-loaded on the computer. Suppose that the price of computers is $2000, and the price of an operating system is $10..

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