Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

One of DotCom's products has a width dimensional specification of 1.488 ± .005 inches. The process is in statistical control and the dimension is known to be normally distributed with mean μ=1.491 and standard deviation σ=0.004. The plan is to recenter the process so that the mean equals the target value. Evaluate this plan by comparing the fall out before recentering and after recentering. Fall out is the fraction of products that don't fall within specs.

Draw a sketch of the standard normal distribution curves, one for the current process and another one for the recentered process. Label the spec limits and shade the area of the curve that corresponds to your answer.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M995242

Have any Question?


Related Questions in Statistics and Probability

Assume that the class consists of 45 percent freshmen 20

Assume that the class consists of 45 percent freshmen, 20 percent sophomores, 20 percent juniors, and 15 percent seniors. Assume further that 50 percent of the freshmen, 50 percent of the sophomores, 25 percent of the ju ...

Discuss two types of costs amp two types of

Discuss two types of costs & two types of benefits(excluding tax shield and EPS) that would potentially arise from the leveraged recapitalization( a firm proposed a leveraged recapitalization which could create immediate ...

A mail order supplier advertises same-day service on every

A mail order supplier advertises same-day service on every order. Recently, the movement of orders has not gone as planned. The director of customer service has completely redone the method of order handling. The goal of ...

The monthly utility bills in a city are normally

The monthly utility bills in a city are normally distributed with a mean of $121 and a standard deviation of $23. Find the probability that a randomly selected utility bill is between $115 and $130. Probability of 0.07 a ...

With a die being rolled the set of equally likely outcomes

With a die being rolled. The set of equally likely outcomes is? {1, 2? 3, 4? 5, 6}. Find the probability of getting a 10.

You are considering an investment in a 40-year security the

You are considering an investment in a 40-year security. The security will pay $25 a year at the end of each of the first three years. The security will then pay $30 a year at the end of each of the next 20 years. The no ...

Toy wooden blocks are packaged in bags of 9 one bag

Toy wooden blocks are packaged in bags of 9. One bag contains 6 maple blocks and 3 birch blocks, while a second bag contains 5 maple blocks and 4 birch blocks. One block is drawn from the first bag and placed into the se ...

Assume the random variable x is normally distributed with

Assume the random variable x is normally distributed with mean mu = 86 and standard deviation sigma =4. Find the indicated probability. P(x

A new computer system will require an initial outlay of

A new computer system will require an initial outlay of $15,500, but it will increase the firm's cash flows by $3,100 a year for each of the next 7 years. How high can the discount rate be before you would reject the pro ...

What is the instrumental model of corporate management what

What is the instrumental model of corporate management? What is the social contract model of corporate management?

  • 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