Find probability of meeting each individual specification

Reference no: EM13144984

A product is assembled using 10 different components, each of which must meet speci cations for fi ve different quality characteristics. Suppose that there is a 0.9973 probability that each individual speci cation will be met.

(a) Assuming that all 50 speci cations are met independently, fi nd the probability that the product meets all 50 speci cations.

(b) Suppose that we wish to have a 99.73 percent chance that all 50 speci cations will be met. If each specification will have the same chance of being met, how large must we make the probability of meeting each individual specifi cation?

Reference no: EM13144984

Questions Cloud

Transactions with related entities-some : It is common for an entity to have transactions with related entities-some of which are fully owned, some of which share common ownership but are not otherwise related, and others wher ownership is small but there is control.

Marketing manager recommendation : The marketing manager has recommended that the selling price be increased by 20%, with an expected decrease of only 10% in unit sales. What would be the company's net operating income if the marketing manager's recommendation is adopted?

Compute accrual-basis net income : Of the amount paid, $30,000 was for expenses incurred on account in 2010. In addition, Leno incurred $142,000 of expenses in 2011 which will not be paid until 2012.

Determine the present value of the lease : Determine the present value of the lease payments at June 30, 2009 (to the nearest $000) that Blue uses to record the leased asset and lease liability.

Find probability of meeting each individual specification : If each specification will have the same chance of being met, how large must we make the probability of meeting each individual specification?

Probability-teammate has two or fewer years of experience : What is the probability that this teammate has two or fewer years of experience? more than five years of experience? What is the probability that, considering both of Dave's two teammates.

Tree types of benefits : A recent survey conducted by Towers Perrin and Published in the Financial Times showed that among 460 organizations in 13 European countries, 93% have bonus plans, 55% have cafeteria-style benefits, and 70% employ home-based workers. If the types ..

Payments of accrued interest and principal : On January 1, 2009, American Eagle borrows $65,000 cash by signing a four-year, 8% installment note. The note requires four equal total payments of accrued interest and principal on December 31 of each year from 2009 through 2012.

Major conflicts between divisional scorecards : How would a Balanced Scorecard for Chadwick, Inc., differ from ones developed inits divisions, such as the Norwalk Pharmaceutical Division? Do you anticipate that there might be major conflicts between divisional scorecards and those of the corpor..

User Account

All Pages