A seafood shop sells salmon fillets where the weight of each fillet is normally distributed with a mean of 1.6 pounds and a standard deviation of 0.3 pounds. They want to classify the largest fillets as extra large and charge a higher price for them
If they want the largest 15 percent of the fillets to be classified as extra large, the minimum weight for an extra large fillet should be 1.91 pounds. Indicate whether the statement is true or false
TRUE
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What factors should be considered in locating stores? Why should retailers consider those factors?
What will be an ideal response?
Billings Company has developed the following budgeted income statement: Sales revenue (2,300 units × $14 sales price)$32,200 Total Variable cost (2,300 × $6 per unit) (13,800) Contribution margin$18,400 Fixed cost (10,000) Net income$8,400 The Company is experimenting with new engineering techniques and believes it can reduce variable cost to $4.50 per unit and significantly improve the product. The innovations would double fixed costs but the company expects to be able to increase sales to 3,500 units. If this strategy is pursued the company's budgeted net income will:
A. increase by $13,250. B. increase by $4,850. C. decrease by $4,150. D. decrease by $4,250.
The least aggressive strategy in capacity planning is ______.
a. a lagging strategy b. a leading strategy c. a matching strategy d. a chase strategy
When the payment for an annuity is made at the end of each period, such an annuity is referred to as a(n) _____.?
A. ordinary annuity? B. ?annuity due C. ?immediate annuity D. ?deferred annuity E. ?discounted annuity