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 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 _ grams will be designated as jumbo.

Round to nearest tenth of a gram.

Solutions

Expert Solution


Related 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 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...
Dave went to 3 different grocery stores and bought the same amount of Salmon, Shrimp and...
Dave went to 3 different grocery stores and bought the same amount of Salmon, Shrimp and Tilapia for each visit to each grocery store. The prices for each type of seafood in each grocery store is as follows: (a) Food Lion: $2.5/kg of Salmon, $6/kg of Shrimp and $3/kg of Tilapia, all for $26. (b) Whole Foods: $1/kg of Salmon, $3/kg of Shrimp and $2/kg of Tilapia, all for $13. (c) Bi-Lo: $2/kg of Salmon, $4/kg of Shrimp and $3/kg...
1) A grocery store carries the following items. There are two main categories of food –...
1) A grocery store carries the following items. There are two main categories of food – conventional and organic ingredients – and four food groups. The data are shown in the following table. Food Groups Food Categories Grains Fruits Vegetables Meat Total Conventional 82 48 276 204 610 Organic 93 77 24 11 205 Total 175 125 300 215 815 If all of the grains and meats were accidentally displayed together without a sticker or label to mark their origin,...
4. Assume that the Graduation Rate is classified into 3 categories (Low, Medium, High) in the...
4. Assume that the Graduation Rate is classified into 3 categories (Low, Medium, High) in the following way: Low is considered to be a rate that is less than 0.66, Medium is between 0.66 and less than 0.80, and High is at least 0.80. Assume that the Student-to-Faculty ratio is also classified into 3 categories: Category 1: Up to 10 student-to-faculty ratio, Category 2: between 11 and 18 student-to-faculty ratio Category 3: greater than 18 student-to-faculty ratio The following contingency...
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 $ 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 $ 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 2021...
Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2021 year-end inventory is as follows: 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...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT