subject
Mathematics, 11.05.2021 17:00 jen12abc82

Kola produces six-packs of soda bottles. Each bottle is supposed to contain at least 20 ounces of soda. If the total weight in a six-pack is under 120 ounces, Kola is fined $100 and receives no sales revenue for the six-pack. Each six-pack sells for $9.00. It costs Kola $0.02 per ounce of soda put in the bottles. Assume the amount put in the i-th bottle by a machine is given by Xi = µ + 0.1Yi , i = 1, … ,6, where µ is the mean fill rate of Kola’s soda-filling machines, and Y1, … , Y6 are independent standard normal random variables. Run simulations with mean fill rate µ from 20.00-20.50 in increments of 0.05. Find the mean and standard deviation of the expected profit per six-pack for each simulation. Which of the filling quantity results in the highest expected profit per six-pack?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:30
Haruka hiked several kilometers in the morning. she hiked only 66 kilometers in the afternoon, which was 25% less than she had hiked in the morning. how many kilometers did haruka hike in all?
Answers: 1
question
Mathematics, 21.06.2019 18:30
It took alice 5 5/6 hours to drive to her grandparents' house for . on the way home, she ran into traffic and it took her 7 3/8 hours. how much longer did the return trip take? write your answer as a proper fraction or mixed number in simplest form. the trip home took __hours longer. ?
Answers: 1
question
Mathematics, 21.06.2019 20:40
Michelle is planting flowers in her garden. she wants the ratio of daises to carnations to be 3 to 2. michelle wants to plant a total of 35 flowers. how many daises should she plant?
Answers: 3
question
Mathematics, 22.06.2019 03:30
Can someone tell me if these are correct?
Answers: 2
You know the right answer?
Kola produces six-packs of soda bottles. Each bottle is supposed to contain at least 20 ounces of so...
Questions
question
History, 30.11.2021 21:00
Questions on the website: 13722359