Question
In: Statistics and Probability
A grocery store separates its shrimp into 3 categories: baby, medium, and jumbo. Use the information...
A grocery store separates its shrimp into 3 categories: baby, medium, and jumbo. Use the information provided below to determine the weights of the shrimp receiving each size designation.
Shrimp weights are normally distributed with:
mean=18.8 grams
standard deviation= 5.3 grams
The smallest 20% of shrimp will be designated as baby. The largest 25% of shrimp will be designated as jumbo. Everything else will be designated as medium.
Shrimp weighing less than _ grams will be designated as baby.
Shrimp weighing more than _ grams will be designated as jumbo.
Solutions
Expert Solution
mean=18.8 grams
standard deviation= 5.3 grams
The smallest 20% of shrimp will be designated as a baby. The largest 25% of shrimp will be designated as jumbo. Everything else will be designated as a medium.
Shrimp weighing less than ____grams will be designated as the baby?
P(z<z1)=0.2
Using standard normal table we get
Shrimp weighing less than 14.34 grams will be designated as the baby.
B)
Shrimp weighing more than _ grams will be designated as jumbo.
P(z>z1)=0.25
Using standard normal table we get
Shrimp weighing more than 22.375 grams will be designated as jumbo.
orchestra answered 2 years agoRelated Solutions
A grocery store separates its shrimp into 3 categories: baby, medium, and jumbo. Use the information...
A grocery store separates its shrimp into 3
categories: baby, medium, and jumbo. Use the information provided
below to determine the weights of shrimp receiving each size
designation.
Shrimp weights are normally distributed with:
a mean of 18.8 grams
a standard deviation of 5.8 grams
The smallest 20% of shrimp will be designated as
baby.
The largest 25% of shrimp will be designated as
jumbo.
Shrimp weighing less than _ grams will be designated
as baby.
Shrimp weighing more than...
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paint products. Information pertaining to its 2018 year-end
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Per Unit Cost Net Realizable Value Tools: Hammers 110 $ 5.70 $ 6.20
Saws 270 10.70 9.70 Screwdrivers 370 2.70 3.30 Paint products:
1-gallon cans 570 6.70 5.70 Paint brushes 110 4.70 5.20 Required:
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Almaden Hardware Store sells two product categories, tools and
paint products. Information pertaining to its 2021 year-end
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Inventory,
by Product Category
Quantity
Per Unit
Cost
Net Realizable Value
Tools:
Hammers
110
$
4.70
$
5.20
Saws
170
9.70
8.70
Screwdrivers
270
1.70
2.30
Paint products:
1-gallon cans
470
5.70
4.70
Paint brushes
110
3.70
4.20
Required:
1. Determine the carrying value of inventory at
year-end, assuming the lower of cost or net realizable value
(LCNRV) rule...
Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018...
Almaden Hardware Store sells two product categories, tools and
paint products. Information pertaining to its 2018 year-end
inventory is as follows:
Inventory,
by Product Category
Quantity
Per Unit
Cost
Net Realizable Value
Tools:
Hammers
110
$
5.70
$
6.20
Saws
270
10.70
9.70
Screwdrivers
370
2.70
3.30
Paint products:
1-gallon cans
570
6.70
5.70
Paint brushes
110
4.70
5.20
Required:
1. Determine the carrying value of inventory at
year-end, assuming the lower of cost or net realizable value
(LCNRV) rule...
Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018...
Almaden Hardware Store sells two product categories, tools and
paint products. Information pertaining to its 2018 year-end
inventory is as follows:
Inventory,
by Product Category
Quantity
Per Unit
Cost
Net Realizable Value
Tools:
Hammers
110
$
5.70
$
6.20
Saws
270
10.70
9.70
Screwdrivers
370
2.70
3.30
Paint products:
1-gallon cans
570
6.70
5.70
Paint brushes
110
4.70
5.20
Required:
1. Determine the carrying value of inventory at
year-end, assuming the lower of cost or net realizable value
(LCNRV) rule...
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