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Question: Consider the example of Applied Machines presented in Problem. Based on the estimate of the probability that a machine is sent back for rework computed from the 20 months of data, determine the following:
a. If the company produces 35 machines in one particular month, how many, on average, require rework?
b. Out of 100 machines produced, what is the probability that more than 20 percent of them require rework? (Use the normal approximation to the binomial for your calculations.
Problem: Applied Machines produces large test equipment for integrated circuits. The machines are made to order, so the production rate varies from month to month. Before shipping, each machine is subject to extensive testing. Based on the tests the machine is either passed or sent back for rework. During the past 20 months the firm has had to rework the following numbers of machines:
Determine if the process was in control for the 20-month period using a standardized version of the p chart. Assume three-sigma limits for the control chart.
Four items are considered for loading on an airplane, which has a capacity to load up to 25 metric ton. The weights and values of the items are provided in the table.
If a company increased its dividend payout ratio, what effect would this have on its corporate taxes paid? What effect would this have on the taxes paid by the company's shareholders?
A machine shop consists of N machines that occasionally fail and get repaired by one of the shop's m repairpersons. A machine will fail after an average.
The following data are from a simple random sample. What is the point estimate of the population mean?
Discrete-Time Version of the M/M/1 System. Consider a queueing system where interarrival and service times are integer valued, so customer arrivals.
Provided below are summary statistics for independent simple random samples from two populations. x(bar 1)=22, s1=6, n1=21, x(bar2)=23, s2=7, n2=15.
A wire 10 feet long is to be cut into two pieces, each of which is to formed into a square. What is the largest possible total area of the two squares? What is the smallest possible total area?
Formulate a linear goal programming model to determine the number of employees who should begin their five-day workweek each day of the week in order to achieve the store's objectives.
Assuming Raoult's Law to be valid, prepare a Txy diagram for a mixture n-butane (1) and n-hexane (2) at 1 atm. Make the plot in terms of n-butane and be sure to clearly label the bubble line and the dew line. Use the following increments for T:
Sixty (60) percent of Extreme Well Drilling's assets are financed with common equity, which is the only type of equity financing the company has.
Players A and B each pick a number between 1 and 100. The game is a draw if both players pick the same number. Otherwise, the player who picks the smaller.
Formulate a linear programming model that can be used to determine the floor space that should be devoted to each department in order to maximize profit contribution.
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