ICA4

docx

School

North Carolina State University *

*We aren’t endorsed by this school

Course

515

Subject

Industrial Engineering

Date

Dec 6, 2023

Type

docx

Pages

4

Uploaded by CaptainTapir2529

Report
A company producing orange juice buys all its oranges from a large orange orchard. The amount of juice that can be squeezed from each of these oranges is approximately normally distributed with a mean of 4.7 ounces and some unknown standard deviation. The company's production manager knows that the probability is 30.85% that a randomly selected orange will contain less than 4.5 ounces of juice. Also the probability is 10.56% that a randomly selected orange will contain more than 5.2 ounces of juice. a. what is the probability that a randomly selected orange will contain between 4.5 and 5.2 ounces of juices? b. what is the probability that a randomly selected orange will contain at least 4.9 ounces of juices? c. what is the probability that a randomly selected orange will contain no more than 4.9 ounces of juices? The FICO credit score on a certain nationwide credit card follows a normal distribution with a mean of 500 and a standard deviation of 100. It is known that a
credit carder holder is a Platinum customer if his/her FICO score is over 650. Suppose 500 credit card holders are randomly drawn from the population. What is the probability that at least 50 of them are Platinum customers?
Suppose that the wrapper of a certain candy bar lists its weight as 2.13 ounces. Suppose that the actual weights of these candy bars vary according to a normal distribution with mean μ = 2.2 ounces and variance 0.0036 ounces. a. In a random sample of 5 candy bars, what is the probability that at least one of the candy bars weighs less than the advertised weight?
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b. If the manufacturer wants to adjust the production process so that only 1 candy bar in 100 weighs less than the advertised weight, what should the mean of the actual weights be (assuming that the variance of the weights remains 0.0036 ounces)?