Subjective estimate of the uncertainty in the estimate

Assignment Help Accounting Basics
Reference no: EM131056767

Circuit breaker A mechanical life test of 18 circuit breakers of a new design was run to estimate the percentage failed by 10,000 cycles of operation. Breakers were inspected on a schedule, and it is known only that a failure occurred between certain inspections as shown.

(a)  Make a Weibull plot with each failure as a separate point.

(b)  How well does the Weibull distribution appear to fit the data?

(c) Graphically estimate the percentage failing by 10,000 cycles.

(d) What is your subjective estimate of the uncertainty in the estimate?

(e) Graphically estimate the Weibull shape parameter. Does the plot convince you that the true shape parameter differs from unity?

(f) The old breaker design had about 50% failure by 10,000 cycles. Is the new design clearly better?

(g) Another sample of 18 breakers of the new design was assembled under different conditions. These breakers were run on test for 15,000 cycles without failure and removed from test. Do you subjectively judge the two samples consistent?

Reference no: EM131056767

Questions Cloud

Explain how its investments in municipal bonds : Commercial banks moved heavily into equipment leasing during the early 1970s, acting as lessor. One major reason for this invasion of the leasing industry was to gain the benefits of accelerated depreciation and the investment tax credit on leased eq..
How the targets fit into the critical infrastructure picture : Using the presentation and (NIPP) as a guide, analyze the attacks of 9/11. Prepare a 3 - 5 page essay, using APA style formatting, on how the targets fit into the critical infrastructure picture. Discuss, in detail, how these events impacted cri..
The logistic cumulative distribution function : (b) Make probability paper for this distribution. Show lines on the probability scale for 1, 2, 5, 10, 20, 50, 80, 90, 95, 98, and 99% and show the calculation.
Calculate the holding period return : Calculate the Holding Period Return: You invested to one of investment $45 per year last year. This year is worth $54 per share. Company also pays dividend $15 per share. What is the total return over the past year.
Subjective estimate of the uncertainty in the estimate : Circuit breaker A mechanical life test of 18 circuit breakers of a new design was run to estimate the percentage failed by 10,000 cycles of operation. Breakers were inspected on a schedule, and it is known only that a failure occurred between cert..
Coupon bond-rate of return and price : Suppose you buy a 9.6 percent coupon bond today for $1,090. The bond has 6 years to maturity. a. What rate of return do you expect to earn on your investment? Two years from now, the YTM on your bond has increased by 2 percent, and you decide to sell..
Determine the impact on share price : REH Corporation's most recent dividend was $2.42 per share, its expected annual rate of divident growth is 5%, and the required return is now 15%. A variety of proposals are being considered by management to redirect the firm's activities. Determine ..
Develop a short list of what you see as the current debates : Develop a short list of what you see as the current debates in the role of music education in the curriculum. Use this knowledge to conduct a database search for a range of journal articles on music education.
Project taking into account the flotation costs : The expansion project at Zingerman requires an initial investment of $10,000,000. The target D/E ratio is 3/2 for the firm. Flotation costs are 10% for equity and 4% for debt. How much funds have to be raised for this project taking into account the ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  The blending department began the period with 45000 units

the blending department began the period with 45000 units. during the period the department received another 30000

  Which costing method should she present

Stacy Ann Lynn, the great grand-daughter of the company's founder is the current CEO/President of the company, which is still a family owned business.

  The stockholders equity section of maley corporations

the stockholders equity section of maley corporations balance sheet consists of common stock 9 par 1233000 and retained

  Caspian creations sells wooden boxes from a kiosk in a mall

caspian creations sells wooden boxes from a kiosk in a mall. fixed costs are 2500 per month and the variable cost is

  How using tax preparation software or internet r e s

how using tax preparation software or internet r e s ources can assist the tax professional in the preparation of tax

  Addmiston manufacturing company reported the following year

Addmiston Manufacturing Company reported the following year-end information: beginning work in process inventory, $80,000; cost of goods manufactured, $780,000; beginning finished goods inventory, $50,000; ending work in process inventory, $70,..

  Gore corporation has two divisions the business products

gore corporation has two divisions the business products division and the export products division. the business

  Calculate the net present value of this decision should the

the johnson research organization a nonprofit organization that does not pay taxes is considering buying laboratory

  Phil emley owns a garage and is contemplating purchasing a

phil emley owns a garage and is contemplating purchasing a tire retreading machine for 20000. after estimating costs

  Prepare the entry to record income tax given the following

prepare the entry to record income tax given the following information and show how the related liabilities would be

  On june 30 2013 georgia-atlantic inc leased a warehouse

on june 30 2013 georgia-atlantic inc. leased a warehouse facility from ic leasing corporation. the lease agreement

  The chadmark corporations budgeted monthly sales are 3000

the chadmark corporations budgeted monthly sales are 3000. in the first month 40 of its customers pay and take the 2

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