The Atlas Body Building Company (ABC) sells starter sets of barbells that consist of one bar, two
Question:
a) ABC ships these starter sets to customers in two boxes: The bar goes in one box and the six weights go in another. What’s the probability that the total weight in that second box exceeds 60.5 pounds? Define your variables clearly and state any assumptions you make.
b) It costs ABC $0.40 per pound to ship the box containing the weights. Because it’s an odd-shaped package, though, shipping the bar costs $0.50 a pound plus a $6.00 surcharge. Find the mean and standard deviation of the company’s total cost for shipping a starter set.
c) Suppose a customer puts a 20-pound weight at one end of the bar and the four 5-pound weights at the other end. Although he expects the two ends to weigh the same, they might differ slightly. What’s the probability the difference is more than a quarter of a pound?
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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