Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

To assemble a piece of furniture, a wood peg must be inserted into a predrilled hole. Suppose that the diameter of a randomly selected peg is a random variable with mean 0.25 inch and standard deviation 0.006 inch and that the diameter of a randomly selected hole is a random variable with mean 0.253 inch and standard deviation 0.002 inch. Let x1 5 peg diameter, and let x2 5 denote hole diameter.

a. Why would the random variable y, defined as y 5 x2 2 x1, be of interest to the furniture manufacturer?

b. What is the mean value of the random variable y?

c. Assuming that x1 and x2 are independent, what is the standard deviation of y?

d. Is it reasonable to think that x1 and x2 are independent? Explain.

e. Based on your answers to Parts (b) and (c), do you think that finding a peg that is too big to fit in the predrilled hole would be a relatively common or a relatively rare occurrence? Explain.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91725904

Have any Question?


Related Questions in Statistics and Probability

Determine the critical values for a left-tailed test of a

Determine the critical? value(s) for a? left-tailed test of a population mean at the alpha α=0.01 level of significance based on a sample size of n=15.

What is the probability of a value from a normal

What is the probability of a value from a normal distribution being between 0.75 standard deviations above the mean and 1.75 standard deviations below the mean? (Round calculations to nearest thousandth (3 digits))

The number of facets in the eye of the fruit fly drosophila

The number of facets in the eye of the fruit fly Drosophila melanogaster is of interest in genetics to model changes across many generations (ie genetic selection). The distribution of the number of facets in the eye in ...

What are the ways that it can help comply with legal

What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?

Nbsp1 nine percent of men and 025 of women cannot

1. Nine percent of men and 0.25% of women cannot distinguish between the colors red and green. This is the type of color blindness that causes problems with traffic signals. a. If six men are randomly selected for a stud ...

A population has a mean mu equals84 and a standard

A population has a mean mu equals84 and a standard deviation sigma equals6. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=36.

If you flip five coins what is the probability that you

If you flip five coins what is the probability that you will get at least three heads?

Can you please assist with this the stock price

Can you please assist with this. The stock price distribution is skewed to the right. The mean is $5 and the standard deviation is $6. At least what proportion of prices is located between 1.5 standard deviations. Hint: ...

1 suppose you purchase anbsp10-year bond with 64annual

1) Suppose you purchase a 10-year bond with 6.4%annual coupons. You hold the bond for four years, and sell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 5.4% when you purchased and ...

For the pastnbsp110nbspyears a certain state

For the past 110 ?years, a certain state suffered 28 direct hits from major? (category 3 to? 5) hurricanes. Assume that this was typical and the number of hits per year follows a Poisson distribution. Complete parts? (a) ...

  • 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