Question
Kirks Soft Drinks regularly check the performance of their soft drink bottle filling machines.From observations over many years, the company has concluded the fill amounts
Kirks Soft Drinks regularly check the performance of their soft drink bottle filling machines.From observations over many years, the company has concluded the fill amounts in their 2 litre bottles is normally distributed with a mean of2 litres and a standard deviation of0.17 litres.What fill amount (in litres) will see97% of all bottles contain less than this fill amount? (4 decimal places)
The average and standard deviation of the amount of Goods and Services Tax remitted by all performance artists in a twelve month period were $5.09 thous and $2.14 thousrespectively. If a sample of82 artists was taken, find the sample average value (in thous dollars) below which only 1% of taxes would lie.(2 decimal places)
Benford's Law is a probability rule frequently used by accounting auditors to detect systematic fraud. It states that approximately 19.1% of numbers will begin with the number 2.An auditor decides to investigate a particular firm further if a sample proportion of their invoices, with the invoiced number beginning with a 2, is in the highest 0.5% of all possible sample proportions.What sample proportion will cause further investigation of the firm if a random sample of 749 invoices is selected? Express youranswer in decimal form (ienot as a percentage),correct to two decimal places.
The general manager of a logistic consulting group believes that 22% of the firm's orders come from new customers. A simple random sample of 135 orders was selected.Using the manager's belief, determine:
1. The standard error for the sampling distribution of proportion.(4 decimal places)
2. The probability that at least 27% of the sample orders will be from new customers.(4 decimal places)
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