Question
In: Statistics and Probability
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 7.7 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 is the probability that a randomly selected California orange bag purchased by a customer weighs between 6.1 and 7.2 pounds?
c. What is the probability that a randomly selected California orange bag purchased by a customer weighs exactly 5 pounds
(Round weight to two decimal places)
d. 20% of the time, a customer will buy a bag of California oranges that weighs more than a specific weight. Find that weight.
Solutions
orchestra answered 1 year agoRelated Solutions
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 7.1 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...
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find a sample mean of 11.14 ounces. Test this claim for a 0.05
level of significance using excel. Standard deviation of
2.0.
Step 1: Let mu = population mean
Ho: mu =
Ha: mu>
Step 2: get z-score =norm.dist( )
The use...
You manage a farm that is looking to sell oranges in both California and Oregon.
Price of $13 in California
You manage a farm that is looking to sell oranges in both California and Oregon. The demand for oranges in California is given by PCA = 25 - 0.5QCA and the demand for oranges in Oregon is POR = 19 - 0.3QOR. The total cost of selling oranges is TC = 10 + Q and the marginal cost is constant at MC = $1. If you cannot differentiate between customers in California and Oregon,...
You manage a farm that is looking to sell oranges in both California and Oregon. The...
You manage a farm that is looking to sell oranges in both
California and Oregon. The demand for oranges in California is
given by PCA = 25 - 0.5QCA and the demand for oranges in Oregon is
POR = 19 - 0.3QOR. The total cost of selling oranges is TC = 10 + Q
and the marginal cost is constant at MC = $1. If you cannot
differentiate between customers in California and Oregon, and you
are forced to charge...
You manage a farm that is looking to sell oranges in both California and Oregon. The...
You manage a farm that is looking to sell oranges in both
California and Oregon. The demand for oranges in California is
given by PCA = 25 - 0.5QCA and the
demand for oranges in Oregon is POR = 19 -
0.3QOR. The total cost of selling oranges is TC = 10 + Q
and the marginal cost is constant at MC = $1. If you cannot
differentiate between customers in California and Oregon, and you
are forced to charge...
QUESTION 3 You manage a farm that is looking to sell oranges in both California and...
QUESTION 3
You manage a farm that is looking to sell oranges in both
California and Oregon. The demand for oranges in California is
given by PCA = 25 - 0.5QCA and the
demand for oranges in Oregon is POR = 19 -
0.3QOR. The total cost of selling oranges is TC = 10 + Q
and the marginal cost is constant at MC = $1. If you cannot
differentiate between customers in California and Oregon, and you
are forced...
2. You manage a farm that is looking to sell oranges in both California and Oregon....
2. You manage a farm that is looking to sell oranges in both
California and Oregon. The demand for oranges in California is
given by PCA = 25 - 0.5QCA and the
demand for oranges in Oregon is POR = 19 -
0.3QOR. The total cost of selling oranges is TC = 10 + Q
and the marginal cost is constant at MC = $1. If you can
differentiate between customers in California and Oregon, you
should charge a price...
2. You manage a farm that is looking to sell oranges in both California and Oregon....
2. You manage a farm that is looking to sell oranges in both
California and Oregon. The demand for oranges in California is
given by PCA = 25 - 0.5QCA and the
demand for oranges in Oregon is POR = 19 -
0.3QOR. The total cost of selling oranges is TC = 10 + Q
and the marginal cost is constant at MC = $1. If you can
differentiate between customers in California and Oregon, you
should charge a price...
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a. Refer to Scenario 4. Which friend is a critic of brand
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b. Refer to Scenario 4. Martina offers two reasons...
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