Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A quality-control plan for the concrete in a nuclear reactor containment vessel calls for casting 6 cylinders for each batch of 10 3 poured and testing them as follows:

1 at 7 days

1 at 14 days

2 at 28 days

2 more at 28 days if any of first four cylinders is "inadequate"

The required strength is a function of age.

If the cylinder to be tested is chosen at random from those remaining (i. e., with equal likelihoods):

(a) What is the probability that all six will be tested if in fact one inadequate cylinder exists in the six?

(b) If the batch will be "rejected" if two or more inadequate cylinders are found, what is the likelihood that it will not be rejected given that exactly two are in fact inadequate? (Rejection will lead to more expensive coring and testing of concrete in place.)

(c). A "satisfactory" concrete batch gives rise to an inadequate cylinder with probability p = 0.1. (This value is consistent with present recommended practice.) What is the probability that there will be one or more inadequate cylinders in the six when the batch is "satisfactory"? (Assume independence of the quality of the individual cylinders.)

(d) Given that the batch is satisfactory (p = 0.1), what is the probability that the batch will be rejected? What is the probability that an unsatisfactory batch (in particular, say, p = 0.3) will not be rejected? Clearly a quality control plan wants to keep both these probabilities low, while also keeping the cost of testing small.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92681212

Have any Question?


Related Questions in Statistics and Probability

European bonds pay coupons annually while us bonds pay

European bonds pay coupons annually, while U.S. bonds pay coupons semiannually. If the coupon rate on a European bond is 12% (annual coupons), what is the comparable coupon rate for a U.S. bond (semiannual coupons) assum ...

A project has an initial outlay of 2034 it has a single

A project has an initial outlay of $2,034. It has a single cash flow at the end of year 6 of $4,743. What is the internal rate of return (IRR) for the project? Round the answer to two decimal places in percentage form.

Explain how the company newmans own brand fulfills the

Explain how the company Newman's Own brand fulfills the definition of a business for profit and a non-profit business at the same time. Consider in the response the functions of business, entrepreneurship and production ...

Becky fenton has 408035 automobile insurance coverage if

Becky Fenton has 40/80/35 automobile insurance coverage. If two other people are awarded $70,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cov ...

Determine the internal rate of return for a project that

Determine the internal rate of return for a project that costs -$149,500 and would yield after-tax cash flows of $23,000 the first year, $25,000 the second year, $28,000 the third year, $30,000 the fourth year, $34,000 t ...

A political candidate wishes to determine if endorsing

A political candidate wishes to determine if endorsing increased social spending is likely to affect her standing in the polls. She has access to data on the popularity of several other candidates who have endorsed incre ...

Financial management how can a financial manager use the

Financial Management How can a financial manager use the time value of money(TVM) concept to accomplish this goal?

The rate of inflation in year 1 is expected to be 14 year

The rate of inflation in year 1 is expected to be 1.4%, year two is 1.8%, and years three through five is expected to be 2%. Assume the real risk-free rate, r*, is 3% for all maturities. What should the yield to maturity ...

Confidence intervals ci are one of the simpler forms of

Confidence intervals (CI) are one of the simpler forms of inferential statistics. What does the CI represent? And why does our knowledge of the Central Limit Theorem (CLT) and the empirical rule let us understand why the ...

The time required by students to complete an organic

The time required by students to complete an organic chemistry examination is normally-distributed with a mean of µ = 200 minutes and a standard deviation of σ = 20 minutes. Since this particular class is a large lecture ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As