Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Deriving OC curve using C chart.

In 1989, Kent motors produced 15,000 Tractors. During the year, 800 tractors were inspected and 5.2 defects per tractor (on average) were identified. What control chart would you utilize throughout production, including the control limits? Why use this chart? What is the likelihood of finding as many as 3 defects on a tractor? What is the probability that one would find out exactly 7 defects on a tractor? What is the likelihood of finding exactly 5.2 defects on a tractor? Draw the OC curve. If the average number of defects increased by to 10 per tractor, what would the probability of detecting the shift in a control chart?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920060

Have any Question?


Related Questions in Statistics and Probability

You buy a mutual fund for 1000 it annually distributes 60

You buy a mutual fund for $1,000. It annually distributes $60 for seven years, after which you sell the shares for $775. What is the annualized return on your investment? Use Appendix B and Appendix D to answer the quest ...

Indigo environment corp just paid a dividend of 1 per share

Indigo Environment Corp. just paid a dividend of $1 per share. The dividends are expected to grow at 25% for the next eight years and then level off to 6% growth rate indefinitely. If the required return is 10%, what is ...

A 54 percent corporate coupon bond is callable in ten years

A 5.4 percent corporate coupon bond is callable in ten years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? Amoun ...

A nutritional scientist wishes to study the effect of

A nutritional scientist wishes to study the effect of storage time on the amount of vitamin C (milligrams) contained in 50 gram freeze dried fruit packs when stored for one, one and a half and 2 years. Five fruit packs w ...

The number of people arriving for treatment at an emergency

The number of people arriving for treatment at an emergency room can be modeled by a Poisson process with a mean of 7 people per hour. How many people do you expect to arrive during a 55-minute period?

A normal distribution has a mean equal to 43 what is the

A normal distribution has a mean equal to 43. What is the standard deviation of this normal distribution if 2.5% of the proportion under the curve lies to the right of  x  = 46.92? (Round your answer to two decimal place ...

A data firm records a large amount of data

A data firm records a large amount of data. Historically, 1.0% of the pages of data recorded by the firm contain errors. If two hundred pages of data are randomly selected? a.  What is the probability that six or more pa ...

A puck company wants to sponsor the players with the 20

A puck company wants to sponsor the players with the 20% quickest goals in hockey games. The times of first goals are normally distributed with a mean of 8.54 minutes and a standard deviation of 4.91 minutes. How fast wo ...

According to the national health interview survey 47 of us

According to the national health interview survey, 4.7% of U.S adults 50 and older have had a total knee replacement. A random sample of 20 adults 50 and older has been selected. Use the Poisson distribution to approxima ...

Express courier service has found that the delivery time

Express Courier Service has found that the delivery time for packages is normally distributed with mean 14 hours and standard deviation 2 hours. a. What percent of the packages will be delivered in less than 18 hours? b. ...

  • 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