Mathematics, 30.09.2019 21:30 teamzomaxx8210
Soft-drink company produces 100,000 12-ounce bottles of soda per year. by adjusting a dial, the company can set the mean number of ounces placed in a bottle. regardless of the mean, the standard deviation of the number of ounces in a bottle is 0.05 ounces. the soda costs 5 cents per ounce. any bottle weighing less than 12 ounces will incur a fine of $10 for being underweight. determine a setting for the mean number of ounces per soda bottle that minimizes the expected cost per year of producing the soft drink. your answer should be accurate to within .001 ounce. to set up your spreadsheet in order to find the required probability and the expected cost, use an initial value for the mean to be 12.1 ounces. once you get this done, then try the following values for mean: 12.185; 12.186; 12.187; 12.188; 12.189; 12.190; 12.191; 12.192; 12.193; 12.194; 12.195 and 12.196. which of these mean values gives you the smallest expected cost subject to the requirement that the answer should be accurate to within .001 ounce?
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