The weight of corn chips dispensed into a 48-ounce bag by the dispensing machine has been
identified as possessing a normal distribution with a mean of 48.5 ounces and a standard
deviation of 0.2 ounce.
What proportion of the 48-ounce bags contain more than the advertised
48 ounces of chips?
A) .4938 B) .5062 C) .0062 D) .9938
D
You might also like to view...
Clyde operated a food distribution business. He leased a small warehouse in 2014 for $60,000 per year for a 3-year term. The lease was to start on July 1, 2014. Clyde paid the first 2 years' rent in advance in May 2014. Clyde then began to make monthly payments of $5,000 starting on July 1, 2016, and continuing on the first of the month for the balance of 2016. What rent expense may Clyde claim in 2016?
a) None of the answers are correct. b) $50,000 c) $60,000 d) $30,000
All of the following statements about the administration of a risk management program are true EXCEPT
A) The risk manager is an important part of a firm's management team. B) A risk management policy statement can be used to educate top executives about the risk management process. C) If a risk management program is properly designed, periodic review of the program is unnecessary. D) In order to properly identify loss exposures, the risk manager needs the cooperation of other departments.