Appropriate theoretical probability model

Assignment Help Finance Basics
Reference no: EM131000780

The number of contaminant particles (?aws) found on each standard size silicon wafer produced at a certain manufacturing site is a random variable, X, that a quality control engineer wishes to characterize. A sample of 30 silicon wafers was selected and examined for ?aws; the result (the number of ?aws found on each wafer) is displayed in the Table  below.

4

1

2

3

2

1

2

4

0

1

3

0

0

2

3

0

3

2

1

2

3

4

1

1

2

2

5

3

1

1

(i) From this data set, obtain an empirical frequency distribution function, f(x), and compute E(X), the expected value of the number of ?aws per wafer.

(ii) Justifying your choice adequately but succinctly, postulate an appropriate theoretical probability model for this random variable. Using the result obtained in

(i) Above for E(X), rounded to the nearest integer, compute from your theoretical model, the probability that= 012345 and 6, and compare these theoretical probabilities to the empirical ones from (i).

(iii) Wafers with more than 2 ?aws cannot be sold to customers, resulting in lost rev- enue; and the manufacturing process ceases to be economically viable if more than 30% of the produced wafers fall into this category. From your theoretical model, determine whether or not the particular process giving rise to this data set is still economically viable.

Reference no: EM131000780

Questions Cloud

Annual sickle-cell disease-related medical cost : What annual sickle-cell disease-related medical cost can this family expect to incur? If these "crisis" episodes occur infrequently at an average rate of 1.5 per year in this country (3 every two years), and these occurrences are well-mo..
Johns purchased merchandise on account : John's purchased merchandise on account for $5,000. Freight charges of $300 were paid in cash.
Does the result in this suggest a need for tort reform : Sometimes students have difficulty identifying a personal or professional torts case. You may also research a torts case to discuss if you do not have a personal or professional experience to discuss. Be sure to complete all bulleted points above.
Find the arc length of the graph of the function : In a chemical reaction, a certain compound changes into another compound at a rate proportional to the unchanged amount. Find the arc length of the graph of the function y = 2x3/2 + 3 over the closed interval [0, 9]
Appropriate theoretical probability model : Justifying your choice adequately but succinctly, postulate an appropriate theoretical probability model for this random variable. Using the result obtained in
Prepare the year end adjusting entry to record : Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2011.
What is the radius of the circular track : It then goes up a 20m ramp with incline of 20degrees to the horizontal(x_axis), it then prceeds on a 15m horizontal track and enters, from the bottom, the inside of a circular track and after subtending 25degrees it noticed it is halfway up to its..
What is the hight of the cliff : Finding acceleration and height given two times. one rock is dropped from a height 'h' and it takes 4.15s to reach the ground from a cliff and the second rock is thrown up 2m and then takes 6.3s to reach the ground, what is the hight of the cliff?
What was magnitued of displacement of the first two stages : The first stage of a trip has a displacement vector in the negative x direction. The second stage has a displacement at an angle of 30.0 above the +x axis. The final stage has a displacement of magnitude 15km and points in a direction 40degrees b..

Reviews

Write a Review

Finance Basics Questions & Answers

  Computation of weighted average cost of capital

Computation of weighted average cost of capital and What is Jake's weighted average cost of capital

  Compute earnings per share

Compute earnings per share EPS under each of the three economic scenarios assuming that the firm goes through with the recapitalization

  What is the eps for each company

Company A has 40 shares outstanding and pays no interest. Company B has 30 shares outstanding and pays $25 in interest. What is the EPS for each company?

  Using internet sources you might want to start with the

the late 1990s saw the rise of corporate valuations arising from ownership of various forms of intellectual property

  Trey claims a dependency exemption for both of his

trey claims a dependency exemption for both of his daughters ages 14 and 17 at year-end. trey files a joint return with

  Rhiannon corporation has bonds on the market with 135 years

rhiannon corporation has bonds on the market with 13.5 years to maturity a ytm of 7.6 percent and a current price of

  If bankruptcy costs andor shareholder under diversification

if bankruptcy costs andor shareholder under diversification are an issue what measure of risk is relevant when

  Suppose that brown-murphies common shares sell for 2050 per

suppose that brown-murphies common shares sell for 20.50 per share that the firm is expected to set their next annual

  You want to have 1 million in real dollars in an account

you want to have 1 million in real dollars in an account when you retire in 30 years. the nominal return on your

  What are the net proceds to the firm

Rayac is About to go public. Its stcokholders own 500,00 shares. The new public issue will represent 700,000 shares. The shares will be Prices at $25.00 to the public with a 5% spread. the out of pocket cost will be $450,00. What are the net proce..

  Risk measurement terms

Distinguish among the following risk measurement terms: beta, r-squared, covariance, and correlation coefficient.

  What is the incremental savings of buying the valves

The equipment cannot be used elsewhere in the company, and it has no market value. However, the space occupied by the production of the valve can be used by another production group that is currently leasing space for $55,000 per year.

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