The least weight of a bag in the top 5 percent of the distribution is; 246
From the complete question below, we are given;
Population mean; μ = 240
Population standard deviation; σ = 3
Z-score formula is;
z = (x' - μ)/σ
- Now, we want to find the least weight in the top 5 of the distribution and as such we will use;
1 - 0.05/2 = 0.025 as significance level
Z-score at significance level of 0.025 is 1.96
Thus;
1.96 = (x' - 240)/3
3 × 1.96 = x' - 240
x' = 240 + 5.88
x' = 245.88
Approximating to a whole number gives;
x' = 246
Complete question is;
A machine is used to fill bags with a popular brand of trail mix. The machine is calibrated so the distribution of the weights of the bags of trail mix is normal, with mean 240 grams and standard deviation 3 grams. Of the following, which is the least weight of a bag in the top 5 percent of the distribution?
Read more about z-score at; brainly.com/question/25638875
Considering this question, the website visited is Walmart. Walmart's corporate mission is “<u>to save people money so they can live better.</u>"
Walmart's mission relates to the type of products the company sells because they offer plentiful commodities at everyday low prices to customers.
The mission statement does not surprise me about the company because it matches its operation as they claimed.
Hence, in this case, it is concluded that a mission statement is a great way to understand a company better.
Learn more about the mission statement here: brainly.com/question/24938435
In perfectly competitive markets, firms in the market in the long-run, will earn zero economic profits.
<h3>What economic profits are earned in a perfectly competitive market?</h3>
In the short-run, there is a chance to earn a positive economic profit in a perfectly competitive market but this would then attract other companies into the market to make profits as well.
This then leads to the profits disappearing thanks to increased supply and lower prices. Companies would then leave and enter to either take advantage of profits or stop losses thereby keeping economic profits at zero in the long run.
Find out more on perfectly competitive markets at brainly.com/question/15712381
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Answer:
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Explanation:
Decomposers eat dead animals, like bacteria feeding on a deer. They also support plant life by breaking down animals, which makes the soil rich in nutrients.
