Salmon A specialty food company sells whole King Salmon to various customers. The mean weight of these salmon is 35 pounds with a standard deviation of 2 pounds. The company ships them to restaurants in boxes of 4 salmon, to grocery stores in cartons of 16 salmon, and to discount outlet stores in pallets of 100 salmon. To forecast costs, the shipping department needs to estimate the standard deviation of the mean weight of the salmon in each type of shipment. a) Find the standard deviations of the mean weight of the salmon in each type of shipment. b) The distribution of the salmon weights turns out to be skewed to the high end. Would the distribution of shipping weights be better characterized by a Normal model for the boxes or pallets? Explain.

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Answer 1

Textbook Question

Chapter 18, Problem 1E

Salmon A specialty food company sells whole King Salmon to various customers. The mean weight of these salmon is 35 pounds with a standard deviation of 2 pounds. The company ships them to restaurants in boxes of 4 salmon, to grocery stores in cartons of 16 salmon, and to discount outlet stores in pallets of 100 salmon. To forecast costs, the shipping department needs to estimate the standard deviation of the mean weight of the salmon in each type of shipment.

a) Find the standard deviations of the mean weight of the salmon in each type of shipment.
b) The distribution of the salmon weights turns out to be skewed to the high end. Would the distribution of shipping weights be better characterized by a Normal model for the boxes or pallets? Explain.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

(a)

Expert Solution

To determine

Find the standard deviations of the mean weight of the salmon in each type of shipment.

Answer to Problem 1E

The standard deviations are 1 pound, 0.5 pound and 0.2 pounds.

Explanation of Solution

Given info:

A food company sells King Salmon to customers. The mean weight of these salmon is 35 pounds and standard deviation is 2 pounds. They delivered three different restaurants in boxes with 4 salmon, in cartons 16 salmon and in pallets 100 salmon respectively.

Calculation:

Standard deviation:

For shipment of 4 salmon the standard deviation is,

SD=σn=24=1

For shipment of 16 salmon the standard deviation is,

SD=σn=216=0.5

For shipment of 100 salmon the standard deviation is,

SD=σn=2100=0.2

Thus, the standard deviations are 1 pound, 0.5 pound and 0.2 pounds for 4 salmons, 16 salmons and 100 salmons respectively.

(b)

Expert Solution

To determine

Explain whether the distribution of shipping weights be better characterized by a normal model for the boxes or pallets or not.

Explanation of Solution

Given info:

The distribution of the salmon weights turns out to be skewed to the high end.

Justification:

By the central limit theorem, it can be said that for large sample size the distribution of the population mean follows normal distribution.

As pallets contains large number of salmon than the boxes. Hence, the distribution of shipping weights is better characterized by a Normal model for the pallets.

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A company found that the daily sales revenue of its flagship product follows a normal distribution with a mean of $4500 and a standard deviation of $450. The company defines a "high-sales day" that is, any day with sales exceeding $4800. please provide a step by step on how to get the answers in excel Q: What percentage of days can the company expect to have "high-sales days" or sales greater than $4800? Q: What is the sales revenue threshold for the bottom 10% of days? (please note that 10% refers to the probability/area under bell curve towards the lower tail of bell curve) Provide answers in the yellow cells

Answer 2

Textbook Question

Chapter 18, Problem 1E

Salmon A specialty food company sells whole King Salmon to various customers. The mean weight of these salmon is 35 pounds with a standard deviation of 2 pounds. The company ships them to restaurants in boxes of 4 salmon, to grocery stores in cartons of 16 salmon, and to discount outlet stores in pallets of 100 salmon. To forecast costs, the shipping department needs to estimate the standard deviation of the mean weight of the salmon in each type of shipment.

a) Find the standard deviations of the mean weight of the salmon in each type of shipment.
b) The distribution of the salmon weights turns out to be skewed to the high end. Would the distribution of shipping weights be better characterized by a Normal model for the boxes or pallets? Explain.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

(a)

Expert Solution

To determine

Find the standard deviations of the mean weight of the salmon in each type of shipment.

Answer to Problem 1E

The standard deviations are 1 pound, 0.5 pound and 0.2 pounds.

Explanation of Solution

Given info:

A food company sells King Salmon to customers. The mean weight of these salmon is 35 pounds and standard deviation is 2 pounds. They delivered three different restaurants in boxes with 4 salmon, in cartons 16 salmon and in pallets 100 salmon respectively.

Calculation:

Standard deviation:

For shipment of 4 salmon the standard deviation is,

SD=σn=24=1

For shipment of 16 salmon the standard deviation is,

SD=σn=216=0.5

For shipment of 100 salmon the standard deviation is,

SD=σn=2100=0.2

Thus, the standard deviations are 1 pound, 0.5 pound and 0.2 pounds for 4 salmons, 16 salmons and 100 salmons respectively.

(b)

Expert Solution

To determine

Explain whether the distribution of shipping weights be better characterized by a normal model for the boxes or pallets or not.

Explanation of Solution

Given info:

The distribution of the salmon weights turns out to be skewed to the high end.

Justification:

By the central limit theorem, it can be said that for large sample size the distribution of the population mean follows normal distribution.

As pallets contains large number of salmon than the boxes. Hence, the distribution of shipping weights is better characterized by a Normal model for the pallets.

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Answer 3

Textbook Question

Chapter 18, Problem 1E

Salmon A specialty food company sells whole King Salmon to various customers. The mean weight of these salmon is 35 pounds with a standard deviation of 2 pounds. The company ships them to restaurants in boxes of 4 salmon, to grocery stores in cartons of 16 salmon, and to discount outlet stores in pallets of 100 salmon. To forecast costs, the shipping department needs to estimate the standard deviation of the mean weight of the salmon in each type of shipment.

a) Find the standard deviations of the mean weight of the salmon in each type of shipment.
b) The distribution of the salmon weights turns out to be skewed to the high end. Would the distribution of shipping weights be better characterized by a Normal model for the boxes or pallets? Explain.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

(a)

Expert Solution

To determine

Find the standard deviations of the mean weight of the salmon in each type of shipment.

Answer to Problem 1E

The standard deviations are 1 pound, 0.5 pound and 0.2 pounds.

Explanation of Solution

Given info:

A food company sells King Salmon to customers. The mean weight of these salmon is 35 pounds and standard deviation is 2 pounds. They delivered three different restaurants in boxes with 4 salmon, in cartons 16 salmon and in pallets 100 salmon respectively.

Calculation:

Standard deviation:

For shipment of 4 salmon the standard deviation is,

SD=σn=24=1

For shipment of 16 salmon the standard deviation is,

SD=σn=216=0.5

For shipment of 100 salmon the standard deviation is,

SD=σn=2100=0.2

Thus, the standard deviations are 1 pound, 0.5 pound and 0.2 pounds for 4 salmons, 16 salmons and 100 salmons respectively.

(b)

Expert Solution

To determine

Explain whether the distribution of shipping weights be better characterized by a normal model for the boxes or pallets or not.

Explanation of Solution

Given info:

The distribution of the salmon weights turns out to be skewed to the high end.

Justification:

By the central limit theorem, it can be said that for large sample size the distribution of the population mean follows normal distribution.

As pallets contains large number of salmon than the boxes. Hence, the distribution of shipping weights is better characterized by a Normal model for the pallets.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Textbook Question

Chapter 18, Problem 1E

Salmon A specialty food company sells whole King Salmon to various customers. The mean weight of these salmon is 35 pounds with a standard deviation of 2 pounds. The company ships them to restaurants in boxes of 4 salmon, to grocery stores in cartons of 16 salmon, and to discount outlet stores in pallets of 100 salmon. To forecast costs, the shipping department needs to estimate the standard deviation of the mean weight of the salmon in each type of shipment.

a) Find the standard deviations of the mean weight of the salmon in each type of shipment.
b) The distribution of the salmon weights turns out to be skewed to the high end. Would the distribution of shipping weights be better characterized by a Normal model for the boxes or pallets? Explain.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

(a)

Expert Solution

To determine

Find the standard deviations of the mean weight of the salmon in each type of shipment.

Answer to Problem 1E

The standard deviations are 1 pound, 0.5 pound and 0.2 pounds.

Explanation of Solution

Given info:

A food company sells King Salmon to customers. The mean weight of these salmon is 35 pounds and standard deviation is 2 pounds. They delivered three different restaurants in boxes with 4 salmon, in cartons 16 salmon and in pallets 100 salmon respectively.

Calculation:

Standard deviation:

For shipment of 4 salmon the standard deviation is,

SD=σn=24=1

For shipment of 16 salmon the standard deviation is,

SD=σn=216=0.5

For shipment of 100 salmon the standard deviation is,

SD=σn=2100=0.2

Thus, the standard deviations are 1 pound, 0.5 pound and 0.2 pounds for 4 salmons, 16 salmons and 100 salmons respectively.

(b)

Expert Solution

To determine

Explain whether the distribution of shipping weights be better characterized by a normal model for the boxes or pallets or not.

Explanation of Solution

Given info:

The distribution of the salmon weights turns out to be skewed to the high end.

Justification:

By the central limit theorem, it can be said that for large sample size the distribution of the population mean follows normal distribution.

As pallets contains large number of salmon than the boxes. Hence, the distribution of shipping weights is better characterized by a Normal model for the pallets.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

(a)

Expert Solution

To determine

Find the standard deviations of the mean weight of the salmon in each type of shipment.

Answer to Problem 1E

The standard deviations are 1 pound, 0.5 pound and 0.2 pounds.

Explanation of Solution

Given info:

A food company sells King Salmon to customers. The mean weight of these salmon is 35 pounds and standard deviation is 2 pounds. They delivered three different restaurants in boxes with 4 salmon, in cartons 16 salmon and in pallets 100 salmon respectively.

Calculation:

Standard deviation:

For shipment of 4 salmon the standard deviation is,

SD=σn=24=1

For shipment of 16 salmon the standard deviation is,

SD=σn=216=0.5

For shipment of 100 salmon the standard deviation is,

SD=σn=2100=0.2

Thus, the standard deviations are 1 pound, 0.5 pound and 0.2 pounds for 4 salmons, 16 salmons and 100 salmons respectively.

(b)

Expert Solution

To determine

Explain whether the distribution of shipping weights be better characterized by a normal model for the boxes or pallets or not.

Explanation of Solution

Given info:

The distribution of the salmon weights turns out to be skewed to the high end.

Justification:

By the central limit theorem, it can be said that for large sample size the distribution of the population mean follows normal distribution.

As pallets contains large number of salmon than the boxes. Hence, the distribution of shipping weights is better characterized by a Normal model for the pallets.

Answer 8

(a)

Expert Solution

To determine

Find the standard deviations of the mean weight of the salmon in each type of shipment.

Answer to Problem 1E

The standard deviations are 1 pound, 0.5 pound and 0.2 pounds.

Explanation of Solution

Given info:

A food company sells King Salmon to customers. The mean weight of these salmon is 35 pounds and standard deviation is 2 pounds. They delivered three different restaurants in boxes with 4 salmon, in cartons 16 salmon and in pallets 100 salmon respectively.

Calculation:

Standard deviation:

For shipment of 4 salmon the standard deviation is,

SD=σn=24=1

For shipment of 16 salmon the standard deviation is,

SD=σn=216=0.5

For shipment of 100 salmon the standard deviation is,

SD=σn=2100=0.2

Thus, the standard deviations are 1 pound, 0.5 pound and 0.2 pounds for 4 salmons, 16 salmons and 100 salmons respectively.

Answer 9

(a)

Expert Solution

Answer 10

(a)

Expert Solution

Answer 11

Expert Solution

Answer 12

To determine

Find the standard deviations of the mean weight of the salmon in each type of shipment.

Answer 13

Answer to Problem 1E

The standard deviations are 1 pound, 0.5 pound and 0.2 pounds.

Answer 14

Explanation of Solution

Given info:

A food company sells King Salmon to customers. The mean weight of these salmon is 35 pounds and standard deviation is 2 pounds. They delivered three different restaurants in boxes with 4 salmon, in cartons 16 salmon and in pallets 100 salmon respectively.

Calculation:

Standard deviation:

For shipment of 4 salmon the standard deviation is,

SD=σn=24=1

For shipment of 16 salmon the standard deviation is,

SD=σn=216=0.5

For shipment of 100 salmon the standard deviation is,

SD=σn=2100=0.2

Thus, the standard deviations are 1 pound, 0.5 pound and 0.2 pounds for 4 salmons, 16 salmons and 100 salmons respectively.

Answer 15

(b)

Expert Solution

To determine

Explain whether the distribution of shipping weights be better characterized by a normal model for the boxes or pallets or not.

Explanation of Solution

Given info:

The distribution of the salmon weights turns out to be skewed to the high end.

Justification:

By the central limit theorem, it can be said that for large sample size the distribution of the population mean follows normal distribution.

As pallets contains large number of salmon than the boxes. Hence, the distribution of shipping weights is better characterized by a Normal model for the pallets.

Answer 16

(b)

Expert Solution

Answer 17

(b)

Expert Solution

Answer 18

Expert Solution

Answer 19

To determine

Explain whether the distribution of shipping weights be better characterized by a normal model for the boxes or pallets or not.

Answer 20

Explanation of Solution

Given info:

The distribution of the salmon weights turns out to be skewed to the high end.

Justification:

By the central limit theorem, it can be said that for large sample size the distribution of the population mean follows normal distribution.

As pallets contains large number of salmon than the boxes. Hence, the distribution of shipping weights is better characterized by a Normal model for the pallets.

Answer 21

Ch. 18.2 - Every 10 years, the United States takes a census....Ch. 18.2 - Prob. 2JC Ch. 18.2 - Prob. 3JC Ch. 18.2 - Every 10 years, the United States takes a census....Ch. 18.2 - Prob. 5JC Ch. 18.2 - Prob. 6JC Ch. 18 - Salmon A specialty food company sells whole King...Ch. 18 - LSAT The LSAT (a test taken for law school...Ch. 18 - Prob. 3E Ch. 18 - t-models, part II Using the t tables, software, or...

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