Breakfast cereal is packed into packages labeled net weight 20 ounces, packed by weight not by volume;
Question:
a. What is the mean weight of this random variable?
b. How variable is this random variable?
c. What is the approximate probability that the average weight is less than 20 ounces?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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