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To what probabilities do each of the following sigma levels correspond to, based on a standard normal curve: 3 sigma, 4sigma, 5 sigma, and 6 sigma? (Hint: Use the NORMSDIST function in Excel. Note that this function returns the standard normal cumulative distribution function. The distribution has a mean of 0 (zero) and a standard deviation of one. Check Figures: for three sigma, two-tailed probability equals 0.27%; for six sigma, the two-tailed probability level is 0.0000002%) To what level of defects per million do each of the two-tailed probabilities correspond to? What is the point of these calculations?
The random variable X, representing the number of accidents in a certain intersection in a week, has the following probability distribution
What is the population from which your sample has been taken? Description of data taken from other sources. Preliminary analysis using histograms, box plots, scatter plots, etc. and investigation of outliers. Do you keep or discard identified outl..
Find out the probability distribution, and the cumulative probability distribution of car arrivals.
The Queen Mary sails between England and the U.S. Stowaways are sometimes found on board. The ages (years) of stowaways from eastbound and westbound crossings are given below. Eastbound: 24, 24, 34, 15, 19, 22, 18, 20, 20, 17 Westbound: 41, 24, 32..
Given this, compute the following probabilities for demand during lead time(DDLT).
Illustrate what amount of sales would be required to be a super savings club member. Elucidate amount of sales would be required to be a gold club status.
Multiple choices based on regression analysis - how much or how many but instead is assigned values to represent categories
To test whether the significant difference between two sample variance using F-tests.
Use a calculator or appropriate computer software to verify that, for the preceding data, xbar = 5.1.
If the weight distribution is known to be normally distributed, do the data support the veterinarian's suspicion? Conduct a hypothesis test at the 5% significance level. Define your parameter (μ), state your hypotheses, conduct the test and write ..
What would you recommend Taylor do to cut back its labor cost? (Illustrate using an ABC plan.)
Using these data, construct a 99% confidence interval to estimate the average number of days and excavator is rented to a client, and assume the number of days per rental is normally distributed in the population.
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