Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
QUESTION: How do I calculate binomial probability distribution in EXCEL to determine the probability that a weekly sample will result in a shutdown of production if the production process is working properly.
Background below.
General Mills (GM) manufacturers and sells a wide variety of breakfast cereals. GM's product development lab recently created a new cereal that consist of rice flakes and banana-flavored marshmallows. The company's marketing research department has tested the new cereal extensively and has found that consumers are enthusiastic about the cereal when 16 ounce boxes contain at least 1.6 ounces and no more than 2.4 ounces of the banana-flavored marshmallows.
As GM prepares to begin producing and selling 16-ounce boxes of the new cereal, which it has named Cheerios, management is concerned about the amount of banana-flavored marshmallows. It wants to be careful not to include less than 1.6 ounces or more than 2.4 ounces of banana-flavored marshmallows in each 16-ounce box of Cheerios. Tina Finkel, VP of Production for GM, has suggested that the company measure the weight of banana-flavored marshmallows in a random sample of 25 boxes of Cheerios on a weekly basis. Each week GM can count the number of boxes out of the 25 boxes in the sample that contain less than 1.6 ounces or more than 2.4 ounces of banana-flavored marshmallows; if the number of boxes that fail to meet the standard weight of banana-flavored marshmallows is too high, production will be shut down and inspected.
Ms. Finkel and her staff have designed the production process so that only 8% of all 16-ounce boxes of Cheerios fail to meet the standard weight of banana-flavored marshmallows. After much debate, GM management has decided to shut down production of Cheerios if at least five boxes in a weekly sample fail to meet the standard weight of banana-flavored marshmallows.
Hospitals are facing unprecedented financial challenges from entrepreneurial physician initiatives that are establishing competitive, free-standing diagnostic a
What is the standard format in which John's hometown physician can send referral information to his new PCP?
You must persuade your boss to accept a new entrepreneurial idea; you must convince a team of colleagues that a particular strategy will work as just two
Human Resource Management and Talent Development
Part (a): Calculate the payback period. Part (b): Calculate the machine's internal rate of return. Part (c): Calculate the machine's net present value using a discount rate of 10%. Part (d): Assuming Corn Doggy Inc.'s cost of capital is 10%, is the i..
Describe the similarities and differences between a nonprofit and for-profit governing board.
What specific steps could have been taken to avoid the current situation occurring in the Golden Apple Restaurant by the current general manager
Topic 1: The Letter Offer? The Core Corporation is in negotiations with the Zlow Glow Corporation regarding a licensing agreement. The Core Corporation sent the following letter to the ZlowGlow Corporation
If 153 students have the flu today, how many students will have the flu 3 days from now?
Elaborate on the implications of a Health Services Department moving from a cost center to a profit center. Information discussed must include:
How many bolts are there on the brooklyn bridge? and how many licks does it take to get to the center of a self licking ice cream cone made of asbestos?
Describe any experience working in a virtual environment or an interview with someone who works in that environment.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd