Mean value - statistical aspects of variability, Operation Management

Assignment Help:

Mean value - Statistical Aspects of Variability

The arithmetical mean value (µ, mu) of the measurements can be readily calculated, as follows. Let the class mid- point values be denoted as x1, x2, x3, etc, and the frequency in each class as f1, f2, f3, etc. Let N be the total number of measurements (200 in this case). Select a convenient value (V) close to the expected mean value, say 505 in this case. Calculate the arithmetical mean value (µ) as:

µ = (f1 (x1-V) +f2(x2-V) + f3 (x3-V)... /N) + V

In this case

µ= (1(-15) +10(-10) +52(-5) + 63(0) + 56(5) + 16(10) +2(15)/200) + 505

= 505.48mg


Related Discussions:- Mean value - statistical aspects of variability

Calculate the tracking signal, Sales of music stands at Johnny Ho music sto...

Sales of music stands at Johnny Ho music store in Columbus, Ohio, over the past 10 weeks are shown in the table below. a) Forecast demand for each week, including week 10, using

Important functions of maintenance department, Problem 1: What are the ...

Problem 1: What are the important functions of maintenance department? Day to day activities Keeping the machinery, equipment, and services in proper working condition

Explain what is its cost of common equity, The earnings, dividends, and com...

The earnings, dividends, and common stock price of Carpetto Technologies Inc. are expected to grow at 8% per year in the future. Carpetto's common stock sells for $27.75 per share,

Describe concept of the internal customer, Discuss the concept of the inter...

Discuss the concept of the internal customer. Who are purchasing's internal customers?

How various hours of production time would you schedule, For the four basic...

For the four basic configurations that follow, assume that the market is demanding product that must be processed by both Resource X and Resource Y for Cases I, II and III. For Cas

Why the company operates an average of 20 days a month, A food processor us...

A food processor uses approximately 29,730 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding c

Sports of All Sorts, Formulate, but do not solve, the Linear Programming mo...

Formulate, but do not solve, the Linear Programming model which minimizes total shipping costs for the question below. Note: Skateboards can only be shipped in whole units (not i

Significance of designing for profit in product development, Discuss the im...

Discuss the importance of designing for profit in product development. What happens when there is distortion in these goals?

#title., Ask questiondiscuss the advisability of using modular assemblies i...

Ask questiondiscuss the advisability of using modular assemblies in manufacturing. what are the advantages and disadvantages #Minimum 100 words accepted

Define financial institutions in the recent financial crisis, Consider whet...

Consider whether the implementation of the Sarbanes-Oxley Act supports ethical behaviour. Specifically, address Title 3 of SOX and whether you think SOX worked for financial instit

Write Your Message!

Captcha
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