4. A shipping company is considering which of these two boxes to use for shipping. Each box costs the same amount of money to sh
ip, so the one with greater volume is the more cost-effective and the better one to use.
Which box is the more cost-effective for the company to use? Show all your work.
PLEASE HELP QUICK #Finals
Which box is the more cost-effective for the company to use? Show all your work.
PLEASE HELP QUICK #Finals
1 answer:
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Answer:
Top 5% is 5.84 milliters and the bottom 5% is 5.60 millimeters.
Step-by-step explanation:
Problems of normally distributed samples can be solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
Top 5%:
X when Z has a pvalue of 0.95. So X when Z = 1.645
Bottom 5%:
X when Z has a pvalue of 0.05. So X when Z = -1.645
Top 5% is 5.84 milliters and the bottom 5% is 5.60 millimeters.