The mean cost of a five pound bag of shrimp is 40 dollars with a variance of 36 . If a sample of 43 bags of shrimp is ra...
The mean cost of a five pound bag of shrimp is 40 dollars with a variance of 36 . If a sample of 43 bags of shrimp is randomly selected, what is the probability that the sample mean would differ from the true mean by less than 2.5 dollars? Round your answer to four decimal places.
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The mean cost of a five pound bag of shrimp is 40 dollars with a variance of 36 . If a sample of 43 bags of shrimp is ra...
The mean cost of a five pound bag of shrimp is 42 dollars with a variance...
The mean cost of a five pound bag of shrimp is 42 dollars with a variance of 49. If a sample of 54 bags of shrimp is randomly selected, what is the probability that the sample mean would differ from the true mean by less than 1.4 dollars? Round your answer to four decimal places.
The cost of 5 gallons of ice cream has a variance of 36 with a mean...
The cost of 5 gallons of ice cream has a variance of 36 with a mean of 36 dollars during the summer. What is the probability that the sample mean would differ from the true mean by more than 0.6 dollars if a sample of 107 5-gallon pails is randomly selected? Round your answer to four decimal places.
The mean per capita income is 16,127 dollars per annum with a variance of 682.276 What...
The mean per capita income is 16,127 dollars per annum with a variance of 682.276 What is the probability that the sample mean would differ from the true mean by less than 104 answer to four decimal places. dollars if a sample of 476 persons is randomly selected? Round your Tables Answer How to enter your answer
The cost of 5 gallons of ice cream has a variance of 64 with a mean...
The cost of 5 gallons of ice cream has a variance of 64 with a mean of 34 dollars during the summer. What is the probability that the sample mean would differ from the true mean by more than 1.1 dollars if a sample of 38 5-gallon pails is randomly selected? Round your answer to four decimal places.
The mean per capita income is 15,65415,654 dollars per annum with a standard deviation of 570570...
The mean per capita income is 15,65415,654 dollars per annum with a standard deviation of 570570 dollars per annum. What is the probability that the sample mean would differ from the true mean by less than 6363 dollars if a sample of 315315 persons is randomly selected? Round your answer to four decimal places.
The mean per capita income is 21,053 dollars per annum with a standard deviation of 805...
The mean per capita income is 21,053 dollars per annum with a standard deviation of 805 dollars per annum. What is the probability that the sample mean would differ from the true mean by less than 162 dollars if a sample of 71 persons is randomly selected? Round your answer to four decimal places.
In a quarter-pound bag of red pistachio nuts, some shells are too difficult to pry open...
In a quarter-pound bag of red pistachio nuts, some shells are too difficult to pry open by hand. Suppose the random variable X, the number of pistachios in a randomly selected bag that cannot be opened by hand, has the probability distribution given in the table below. X 0 p(x) 0.500 3 4 5 0.250 0.100 0.050 0.065 0.035 (a) Is this a valid probability distribution? Justify your answer. (Select all that apply.) This is a valid probability distribution since...
Healthy Foods Inc. sells 40-pound bags of grapes to the military for $15 a bag. The...
Healthy Foods Inc. sells 40-pound bags of grapes to the military for $15 a bag. The fixed costs of this operation are $105,000, while the variable costs of grapes are $0.20 per pound. a. What is the break-even point in bags? (Round your answer to 2 decimal places.) b. Calculate the profit or loss (EBIT) on 14,000 bags and on 40,000 bags. c. What is the degree of operating leverage at 28,000 bags and at 40,000 bags? (Round...
A grocery store purchases bags of oranges from California to sell in their store. The weight...
A grocery store purchases bags of oranges from California to sell in their store. The weight of a bag of California oranges is normally distributed with a mean of 8.4 pounds and a variance of 1.21 pounds2 A bag of California oranges is randomly selected in the grocery store. Round all probability answers to four decimal places.) a. What is the probability that a randomly selected California orange bag purchased by a customer weighs more than 7 pounds? b. What...
A grocery store purchases bags of oranges from California to sell in their store. The weight...
A grocery store purchases bags of oranges from California to sell in their store. The weight of a bag of California oranges is normally distributed with a mean of 6.9 pounds and a variance of 1.21 pounds2. A bag of California oranges is randomly selected in the grocery store. (Round all probability answers to four decimal places.) a. What is the probability that a randomly selected California orange bag purchased by a customer weighs more than 8 pounds? b. What...
The mean per capita income is 16,127 dollars per annum with a variance of 682.276 What is the probability that the sample mean would differ from the true mean by less than 104 answer to four decimal places. dollars if a sample of 476 persons is randomly selected? Round your Tables Answer How to enter your answer
In a quarter-pound bag of red pistachio nuts, some shells are too difficult to pry open by hand. Suppose the random variable X, the number of pistachios in a randomly selected bag that cannot be opened by hand, has the probability distribution given in the table below. X 0 p(x) 0.500 3 4 5 0.250 0.100 0.050 0.065 0.035 (a) Is this a valid probability distribution? Justify your answer. (Select all that apply.) This is a valid probability distribution since...
A grocery store purchases bags of oranges from California to sell in their store. The weight of a bag of California oranges is normally distributed with a mean of 8.4 pounds and a variance of 1.21 pounds2 A bag of California oranges is randomly selected in the grocery store. Round all probability answers to four decimal places.) a. What is the probability that a randomly selected California orange bag purchased by a customer weighs more than 7 pounds? b. What...
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