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Answer:
a) 14960 bottles
b) 502 bottles
Step-by-step explanation:
Given that:
Mean (μ) = 24 ounces, standard deviation (σ) = 0.14 ounces
a) From empirical rule (68−95−99.7%) , 68% of the population fall within 1 standard deviation of the mean (μ ± 1σ).
Therefore 68% fall within 0.14 ounces of the mean
the number of bottle = 22,000*68% = 14960 bottles
b) To solve this we are going to use the z score equation given as:
where x is the raw score = 23.72
From the normal probability distribution table: P(X < 23.72) = P (Z < -2) = 0.0228
The number of rejected bottles = 22000 × 0.0228 = 502 bottles
<u>Given</u>:
Time,
t = 20 years
Rate,
r = 4.4%
Price
= $8,375
Now,
The yield will be:
=
= (%)
Time will be:
=
=
As we know the formula,
⇒
By substituting the values, we get
The face value will be:
($)
Learn more about face value here: