The port of South Louisiana, located 54 miles along the Mississippi River between New Orleans and Baton
Question:
The port of South Louisiana, located 54 miles along the Mississippi River between New Orleans and Baton Rouge, is the largest bulk cargo port in the world. The U.S. Army Corps of Engineers reports that the port handles a mean of 4.5 million tons of cargo per week (USA today, September 25, 2012). Assume that the number of tons of cargo handled per week is normally distributed with a standard deviation of .82 million tons.
a. What is the probability that the port handles less than 5 million tons of cargo in a week?
b. What is the probability that the port handles 3 or more million tons of cargo in a week?
c. What is the probability that the port handles between 3 million and 4 million tons of cargo in a week?
d. Assume that 85% of the time the port can handle the weekly cargo volume without extending operating hours. What is the number of tons of cargo per week that will require the port to extend its operating hours?
Step by Step Answer:
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam