The company Hedonic has made coffee dispensers available to its workers. The coffee consumption of its 100

Question:

The company Hedonic has made coffee dispensers available to its workers. The coffee consumption of its 100 employees has a normal distribution with an expected value of 130 l/week and a standard deviation of 5 1/week.

(a) What is the probability that 125 1 of coffee are enough for a week?

(b) Management wants the coffee supply to have a 95% probability of meeting demand. How many litres of coffee must they have available each week?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Applied Statistics And Multivariate Data Analysis For Business And Economics

ISBN: 9783030177669

1st Edition

Authors: Thomas Cleff

See More Books

Question Posted: Dec 08, 2023 01:47 AM

See More Questions

Case Swimmers Headphones1 Finally! Its the end of 2019 and you are sitting at your new desk in a plush office in north Bogota, with a delicious cup of Colombian coffee. You think about all it took to...
Consider a European at the money call and a european at the money put on IBM stock with strike $100 nad 3 months to maturity. The call is selling at $5 and the put price is $4. Suppose an investor...
Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 Current...
Preston Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Preston allocates overhead based on yards of direct materials. The company's performance...
What is the difference between economic income and accounting income?
Fun-Tastic Shows, Inc., is a company that hosts carnivals and similar events. Susan Swartwood, Crystal Groth, and a minor (named in the case as M.G.S.) attended Fun-Tastics Rhododendron Festival in...
Kogan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1. A...
We read about Language and Authority in grammar and how some groups try to control language. Identify one such group and explain how and why they try to control language. Do you think such efforts to...
The average weight of chicks the same age and variety is 105 g with a standard deviation of 2.5 g and a normal distribution. 1. What is the probability that the weight of a chick is less than 100 g?...
Researchers count vehicles at two points of an intersection. The number of vehicles that pass by per minute has a Poisson distribution of 1 = 1.2 and 2 = 0.8. What is the probability that within 5...
For each of the following statements, either prove it is true or give a counterexample. a. If P(a | b, c) = P(b | a, c), then P(a | c) = P(b | c) b. If P(a | b, c) = P(a), then P(b | c) = P(b) c. If...
What was the Sharpe Ratio for a portfolio that returned 18.6% when the risk-free rate was 4.4% and the portfolio's standard deviation was 24.1%? (Enter your answer to 2 decimal places.) Your Answer:
Explain how quantitative data analytics can be supported by the insights provided through qualitative data collection and analysis. Discuss by drawing on an example from research
How to Organize information into strategic relationships using Direct Strategy for Receptive audiences, Indirect Strategy for unreceptive audiences.?
Can our experience of emotions be managed or do they have a life of their own? Explain/justify your answer with at least 2 clear points/arguments citing the textbook and/or lecture - illustrate with...
Explain how landing pages can be customized and used in conjunction with pay-per-click campaigns to serve a broad customer base.
McDonalds corporation (USA) reports total average assets of $28.9 billion and net sales of $20.5 billion. What is the companys asset turnover ratio?
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36
Distinguish between an attractive opportunity and a breakthrough opportunity. Give an example.
Explain how new opportunities may be seen by defining a firms markets more pr e cisely. Illustrate for a situation where you feel there is an opportunity namely, an unsatisfied ma r ket segmenteven...
In your own words, explain why the book suggests that you should think of marketing strategy planning as a narrowing-down process.
What type of incentives appeal to someone m ' s concern about a cause?
Why should a permit-to-work (PTW) system be used to help manage the risk of any future falls from height? (10 marks)
Consider the following timeline detailing a stream of cash flows: Date 0 1 2 3 4 ? $100 $100 $200 $200 Cash flow If the current market rate of interest is 10%, then the present value (PV) of this...

The company Hedonic has made coffee dispensers available to its workers. The coffee consumption of its 100

Question:

Step by Step Answer:

Let the random variable X ...View the full answer

Applied Statistics And Multivariate Data Analysis For Business And Economics

Students also viewed these Business questions