What is the expected total daily cost of rework and scrap

Assignment Help Basic Statistics
Reference no: EM131384470

The specifications for the thickness of nonferrous washers are 1.0±0.04 mm. From process data, the distribution of the washer thickness is estimated to be normal with a mean of 0.98 mm and a standard deviation of 0.02 mm. The unit cost of rework is $0.10, and the unit cost of scrap is $0.15. For a daily production of 10,000 items:

(a) What proportion of the washers is conforming? What is the expected total daily cost of rework and scrap?

(b) In its study of constant improvement, the manufacturer changes the mean setting of the machine to 1.0 mm. If the standard deviation is the same as before, what is the expected total daily cost of rework and scrap?

(c) The manufacturer is trying to improve the process and reduces its standard deviation to 0.015 mm. If the process mean is maintained at 1.0 mm, what is the percent decrease in the expected total daily cost of rework and scrap compared to that of part (a)?

Reference no: EM131384470

Questions Cloud

Probability that first car has no more than 2 blemishes : What is the probability that the first car has no more than 2 blemishes?- each of the cars has no more than 2 blemishes?
Probability that there will be at least 4 failures : What is the probability that there will be at least 4 failures in the coming year?- there will be between 2 and 8 failures, inclusive, in the coming year?
What is the expected total daily cost of rework and scrap : The unit cost of rework is $0.20, while the unit cost of scrap is $0.50. If the daily production rate is 2000, what is the expected total daily cost of rework and scrap?
Is this requirement being met : Is this requirement being met? If not, by changing the process parameter, what should the process mean target value be?
What is the expected total daily cost of rework and scrap : n its study of constant improvement, the manufacturer changes the mean setting of the machine to 1.0 mm. If the standard deviation is the same as before, what is the expected total daily cost of rework and scrap?
Probability that monthly consumption less than 59100 kwh : What is the probability that the monthly consumption will be less than 59,100 kWh?- What is the probability that the monthly consumption will be between 59,000 and 60,300 kWh?
What is probability of component lasting at least 8000 hours : What is the probability of the component lasting at least 8000 hours?- If the component is in operation at 9000 hours, what is the probability that it will last another 6000 hours?
What is the standard deviation of the repair time : What is the probability of the machine being repaired within half an hour?- What is the standard deviation of the repair time?
What is probability that a trip will take more than an hour : What is the probability that a trip will take more than an hour?- If a limousine has already been gone for 45 minutes, what is the probability that it will return within the next 20 minutes?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Construct a binomial distribution

36% of women consider themselves fans of professional baseball. You randomly select six women and ask each if she considers herself a fan of professional baseball.

  Probability that in sample of ten pieces five are defective

Checking the output by almost continuous sampling since the abnormal condition began. What is the probability that in a sample of 10 pieces: Exactly 5 will be defective?

  What is the probability that both are defective

In a shipment of 20 televisions, 5 are defective. If 2 television sets are randomly selected and tested without replacement, what is the probability that both are defective?

  Determine trial control limits for an x control chart

If each item is supposed to have a value within 35 ± 10, what is your estimate of the percentage of items that will fall within this specification?

  One factor anova-difference in designs

A manufacturer of batteries is considering three new battery designs. An attempt was made to determine whether the mean lifetime in hours is the same for each of the three designs.

  People tend to be absent more on some days

Does it seem to you that people tend to be absent more on some days of the week than on others?

  A researcher reports that the correlation between age and

a researcher reports that the correlation between age and physical health of adults over 50 is -.69. one can conclude

  Regression model

Multiple choice questions based on multiple regression - Find the coefficient of determination for the above model

  Explain why researchers do not use random samples

Explain why researchers do not use random samples. How are they able to generalize their results?- The standard deviation of a sampling distribution is called the _________ and the mean is called the __________.

  Draw a graph of the probability distribution.

What is the prior probability the bid will be successful (i.e.. prior to receiving the request for additional information)?

  Relationship or case of fortuitous correlation

which a correlation analysis or regression analysis could contribute to a better decision. The situation can be from a work, of general interest, or experienced in private life.

  Returned for the population of sales transactions

a. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store. b. Construct a 95% confidence interval for the porportion of returns at the Houston store.

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