Find the probability that the daily output will exceed

Assignment Help Business Management
Reference no: EM131226110

The daily output of a production line varies according to a normal distribution with a mean (µ ) of 163 units and a standard deviation (σ ) of 3.5.Find the probability that the daily output will fall below 160 units.

Find the probability that the daily output will exceed 170 units.

  • What proportion of the output will fall between 160 and 165 units?
  • The production manager wants to tell his boss, "80% of the time our production is at least X units." What number should he use for X?

Reference no: EM131226110

Questions Cloud

Find the sending-end voltage and current : The 765-kV 3φ line is 400 mile long and delivers 100 MW at 750 kV at 95% power factor lagging. Find the sending-end voltage and current and the transmission efficiency. Use the long-line model. Series impedance z = 0.02 + j0.54?/mi, shunt admittan..
Secondary market for t bills : Secondary Market for T-Bills:- Describe the activity in the secondary T-bill market. How can this degree of activity benefit investors in T-bills?
How can investors using the primary t bill market : How can investors using the primary T-bill market be assured that their bid will be accepted?- Why do large corporations typically make competitive bids rather than noncompetitive bids for T-bills?
Comments on ideas attached to the creative arts : I need 17 Comments with ideas attached to the creative arts. Don't have to be long. but should with complete ideas. Some of the topics we covered in class are- so you will get an idea of the type of comments.
Find the probability that the daily output will exceed : The daily output of a production line varies according to a normal distribution with a mean (µ ) of 163 units and a standard deviation (σ ) of 3.5.Find the probability that the daily output will fall below 160 units. Find the probability that..
Develop a matrix using the formula as part of your example : You explain to your staff that they will be responsible to calculate the annual loss expectancy (ALE) of assigned risks. Your staff looks at you bewildered, so you need to explain the formula to them and how to use it.
Prepare scott tracys 2016 income tax return : Apply technical and technological skills appropriate and effective for real world business purposes and contexts - effective collaboration across diverse purposes and contexts.
Impact of ecb response to greece crisis : How did the debt repayment problems in Greece affect creditors from other countries in Europe? -  How did the ECB's stimulative monetary policy affect the Greek crisis?
What is the probability of a wait : What is the probability that this person has to wait between 5 and 10 minutes for the next bus? What is the probability of a wait of at least 12 minutes? Determine the expected waiting time and variance of waiting times.

Reviews

Write a Review

Business Management Questions & Answers

  Question regarding the critical thinking activity

For your convenience, here is a link to the MS Word file that contains the same information as it appears: Critical thinking Activity for Project Management

  Nominal risk premium on crash-n-burns stock was percent

Suppose the average inflation rate over this time period was 3.5 percent and the average T-bill rate over the period was 4.2 percent. The average real return on Crash-n-Burn's stock was percent and the average nominal risk premium on Crash-n-Burn'..

  Define executive decision concerning pricing, product design

Discuss the differences in executive decisions concerning pricing, product design, and advertising between a company that exists in a perfectly competitive market and a company that lives a monopolistically competitive market.

  Explain limited liability partnership

1) Sole proprietorship, 2) partnership, 3) limited liability partnership, 4) limited liability company (including the single member LLC), 5) Small Corporation, 6) Franchise and 7) Corporation.

  Equation of the constant growth model

If investors require a 12 percent of return, then what is the current stock price? Since the question is a typical constant growth model, an easy way of solving the problem is to use the equation of the constant growth model.

  Resolution to the angular separation of the objects

Pluto and its moon Nix are separated by 48700 km. Neglecting atmospheric effects, should the 5.08 m diameter Mount Palomar telescope be able to resolve these bodies when they are 6.40 Af- 109 km from Earth?

  Expression vs. equation

1. Expression vs. Equation: What is an expression? What is an equation? What are the similarities and differences between both of them? Write 1-2 examples of each and create 2 sample equations for your peers to solve.

  Cost of living index

What is known as the cost of living index which represents the goods and services purchased by consumers?

  Technology to make to service better and increase sales

You recently put in place some new procedures and technology to make to service customers better and increase sales. Pat was the only one struggling; at least you thought so. You were wondering what your options are.

  Ethics theories and business decisions

What are virtues? How might one apply virtue ethics to business situations? What are the strengths and weaknesses of the virtue approach?

  Organizational and societal functions of pr

Explain the organizational and societal functions of PR. Compare and contrast the organizational and societal implications in the issue you have chosen. Use speaker notes section of PowerPoint slides to add discussion.

  Discover the hypothetical business childcare center

Continue to discover the hypothetical business 24hr childcare center you created in Week Four. You have set up a booth at the local job fair to produce interest in your new company and search for prospective employees

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