Palmer Music manufactures and sells MP3 players and sound systems that include a 180-day warranty on product defects. The compan
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Answer:
Sample size is 16
Mean 4
Standard deviation of the sample is 0.3.
Explanation
The Central Limit Theorem estabilishes that, for a random variable X, with mean and standard deviation
, a large sample size can be approximated to a normal distribution with mean
and standard deviation
.
In this problem, we have that:
The population has a mean of four hours, with a standard deviation of 1.2 hours. The sample is the 16 of the employees.
So
The sample size is 16, so
The mean of the sample is the same as the population mean, so .
The standard deviation of the sample is
Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27
<h3>How to find the opportunity cost</h3>opportunity cost of Burritos
= 400 / 300
= 1.33
The opportunity cost of Tacos
300 / 400
= 0.75
For the tacos produced we would have
opportunity cost of tacos x opportunity cost that was incurred
= 36 * 0.75
= 27
Hence we would conclude by saying that Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27
Read more on opportunity cost here: brainly.com/question/1549591
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