1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirza4 [7]
3 years ago
14

Ms. Finkel has suggested that if given sufficient resources, she could redesign the production process to reduce the percentage

of 16-ounce boxes of Go Bananas! that fail to meet the standard weight of banana-flavored marshmallows when the process is working properly. To what level must Ms. Finkel reduce the percentage of 16-ounce boxes of Go Bananas! that fail to meet the standard weight of banana-flavored marshmallows when the process is working properly in order for her to reduce the probability at least five of the sampled boxes fail to meet the standard to .01 or less
Business
1 answer:
liubo4ka [24]3 years ago
8 0

Explanation:

To find the probability that the sample which fails to meet the required weight or the standard weight of the marshmallows having banana flavor if the process of production is working, such that probability for the weekly sample leads to shutdown of the production if the process of the production is running properly of  1 % of the probability that at least five boxes out of the twenty five sample fails to meet the standard weight which is less than one percent that is  $p(x \geq 5) \leq 0.01$

We know that for p = 0.8,   $p(x \geq 5) = 0.0452$

Now using binomial simulation, we can determine that $p(x \geq 5) \leq 0.01$ for  p = 0.0452

So the production process is to be redesigned for reducing the percentage of boxes of the Go Bananas of 16 ounces which failed to meet the required weight of the marshmallows having banana flavor if the production process is working properly to 5.42 percent.

You might be interested in
An option trader buys 1 ABC April 25 put. A few months later, the trader exercises the option. The trader's net sales proceeds e
Lina20 [59]

Answer:

[C] Strike price minus the premium

Explanation:

A put buyer refers to the one who purchases a right (and not the obligation) to sell(put) the underlying asset at a pre determined strike price/exercise price at a future date.

A put buyer is under no obligation to exercise his right of selling the underlying asset. He will exercise his right only when his strike price is greater than the current market price upon expiry of the contract.

Put Buyer's profit is expressed as;

= Strike price -  Option premium paid - Current market price upon expiry

Thus, his NET sales proceeds are equal to his Strike Price as reduced by Option premium paid.

6 0
3 years ago
Inflation is a decrease in the average price level in the economy.
Rama09 [41]
This is false. When inflation happens, prices go up in the economy.
7 0
3 years ago
A survey indicated that chocolate is Americans' favorite ice-cream flavor. For each of the following, indicate the possible effe
ryzh [129]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

For each of the following, indicate the possible effects on demand, supply, or both as well as equilibrium price and quantity of chocolate ice cream.

a. A severe drought in the Midwest causes dairy farmers to reduce the number of milk-producing cattle in their herds by a third. These dairy farmers supply cream that is used to manufacture chocolate ice cream.

Demand: decreases (because of the higher price)

Supply: restrains.

Equilibrium price: rises

Equilibrium quantity: decreases

b. A new report by the American Medical Association reveals that chocolate does, in fact, have significant health benefits.

Demand: increases

Supply: increases

Equilibrium price: rise

Equilibrium quantity: increases

c. The discovery of cheaper synthetic vanilla flavoring lowers the price of vanilla ice cream.

Demand: decreases

Supply: decreases

Equilibrium price: decrease

Equilibrium quantity: decrease

d. New technology for mixing and freezing ice cream lowers manufacturers' costs of producing chocolate ice cream.

Demand: remains

Supply: increase

Equilibrium price:

Equilibrium quantity:

4 0
4 years ago
As you describe your products or services in your business plan, the most effective approach is to
alexgriva [62]
Have a clear description of what exactly your product or service is going to be and how you plan to accomplish your set goals.
Focus on what target market your product is for.
Describe the benefits of this product
Have other people offer proof to how good the product is
Make the description easy to read and understand.
7 0
3 years ago
According to the acquired needs theory, which of the following characteristics describe people who have a high need for affiliat
Gelneren [198K]

Answer: D.

Explanation:

4 0
3 years ago
Other questions:
  • Ben and Sam Jenkins formed a partnership. Ben contributed $8,000 cash and a used truck that originally cost $35,000 and had accu
    15·1 answer
  • A warranty of title does not arise automatically under a contract for a sale of goods.
    5·1 answer
  • Evaluate the business and charitable contributions of andrew carnegie and john
    7·1 answer
  • Framing Art Inc. will need to purchase two new cashier machines in 2 years, at a cost of $148 each. A savings account pays 2% pe
    8·1 answer
  • Which of the following statements about credit sales are true? (You may select more than one answer. Single click the box with t
    8·1 answer
  • Management is needed in all types and sizes of organizations, at all organizational levels and in all organizational work areas,
    9·1 answer
  • The Federal Deposit Insurance Corporation (FDIC) insure account holder’s accounts for up to ___.
    15·1 answer
  • Stubbs Company uses the perpetual inventory method. On January 1, Year 1, Stubbs purchased 1,400 units of inventory that cost $1
    10·1 answer
  • Contingency approach notion
    15·1 answer
  • The semiannual interest payment on a $10,000, 5% bond would be
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!