A manufacturer creates widgets

Assignment Help Applied Statistics
Reference no: EM13855099

A manufacturer creates widgets whose mass has mean 5 and standard deviation sigma. Ten widgets are shipped, and the shipment will be rejected if any of the widgets has mass <= 3 or >= 7. Give the largest value sigma can be such that the probability of rejecting the shipment is<= 0.01? 

Reference no: EM13855099

Questions Cloud

Summarize the economist''s key philosophies : Summarize the economist's key philosophies
Calculate the mirr of the project : A company uses a 10% interest rate on all of its projects. Calculate the MIRR of the project using the following three methods
Design more efficient processes and meet business needs : Watch the video at http://youtu.be/RroptWyIPcM. How can process capacity management help to design more efficient processes and meet business needs
Which project should the firm accept : If the required return is 10% and the company applies the profitability index decision rule, which project should the firm accept and if the company applies the NPV decision rule, which project should the firm take?
A manufacturer creates widgets : A manufacturer creates widgets whose mass has mean 5 and standard deviation sigma. Ten widgets are shipped, and the shipment will be rejected if any of the widgets has mass = 7. Give the largest value sigma can be such that the probability of reject..
What was the principal amount of the loan : If the variable interest rate started at 8 3/4%, rose to 9% effective July 1, and increased another 1/2% effective July 31, what was the principal amount of the loan?
How much are you willing to invest today : If you were offered an investment that will pay you $10,000 every year forever, and you require an 8% return on investments with the same levels of risk, how much are you willing to invest today?
How you can use linear forecasting in an organization : Watch the video at http://youtu.be/aq8VU5KLmkY. Explain how you can use linear forecasting in an organization to make forecasts. What are some of the key benefits of using this method
Find average daily price when highest price not included : The average daily price of share of company was Rs 130.The highest and lowest price during the week were Rs 200 and Rs 100. resp.,Find the average daily price when highest and lowest price are not included.

Reviews

Write a Review

Applied Statistics Questions & Answers

  Injector pump and injectors tested and found ok

Injector pump and injectors tested and found OK

  The number of girls who attend a summer basketball camp

1) The number of girls who attend a summer basketball camp has been recorded for the seven years the camp has been offered. Use exponential smoothing with a smoothing constant of .8 to forecast attendance for the eighth year. 75, 78, 75, 120, ..

  Senior executives at large corporations

A BusinessWeek/Harris survey asked senior executives at large corporations

  Growth of bacterial colonies follows a poisson distribution

The growth of bacterial colonies follows a Poisson distribution.

  Fall beyond or between the designated ages/scores

Fall beyond or between the designated ages/scores.

  The value of the coefficient of determination

Interpret regression results and the value of the coefficient of Determination. Predict the value of Y when X is equal to 10. Calculated the correlation coefficient between Y and X. Test to determine if there is a significant relationship betwe..

  Prepare a frequency distribution of given data

The heights of 20 students are as follows (rounded to the nearest inch): 65, 68, 65, 70, 67, 67, 68, 66, 69, 70, 68, 67, 67, 65, 69, 65, 67, 66, 69, 69 Prepare a frequency distribution for this data.

  The portfolio assets are inverted in the dow jones fund

The portfolio assets are inverted in the Dow Jones fund

  How much of variation is explained by the regression line

a)Show the scatterplot for this data with the least squares regression line. Find R^2. HOw much of the variation is explained by the regression line? b)Experiment with the non-linear regressions available on the calculator. Which seem to fit? S..

  Estimate the least square regression lines

Estimate the least square regression lines and explain the meaning of the y-intercept - Hypothesis that the population average

  Correlation between the amounts of profits and total sales

Is there a positive correlation between the amounts of profits (Dependent Variable) and total sales (Independent Variable) based on the costs of the process of production and distribution?

  The time married men with children spend

The time married men with children spend on child care averages 6.4 hours per week (Time, March 12, 2012). You belong to a professional group on family practices that would like to do its own study to determine if the time married men in your area sp..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd