Suppose that among salmon fish that are longer than 80cm, their weights have a mean of 6.4kg and a standard deviation of 0.5kg. The wholesale price per kg for these salmon fish is $9.46. The fishing company supplies freshly caught salmon to a local restaurant. The restaurant just placed an order for 120 salmon fish. If the fishing company randomly selects 120 salmon that are longer than 80cm for the restaurant, find the probability that the total wholesale price of the 120 salmon exceeds $7,350.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question

Suppose that among salmon fish that are longer than 80cm, their weights have a mean of 6.4kg and a standard deviation of 0.5kg. The wholesale price per kg for these salmon fish is $9.46. The fishing company supplies freshly caught salmon to a local restaurant. The restaurant just placed an order for 120 salmon fish.

If the fishing company randomly selects 120 salmon that are longer than 80cm for the restaurant, find the probability that the total wholesale price of the 120 salmon exceeds $7,350.

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON