Construct a cumulative percentage distribution

Assignment Help Business Economics
Reference no: EM13851192

A manufacturing company produces steel housings for electrical equipment. The main component part of the housing is a steel trough that is made out of a 14-gauge steel coil. It is produced using a 250-ton progressive punch press with a wipe-down operation that puts two 90-degree forms in the flat steel to make the trough. The distance from one side of the form to the other is critical because of weatherproofing in outdoor applications. The company requires that the width of the trough be between 8.31 inches and 8.61 inches. The widths of the troughs, in inches, are collected from a sample

8.312 8.343 8.317 8.383 8.348 8.410 8.351 8.373

8.481 8.422 8.476 8.382 8.484 8.403 8.414 8.419

8.385 8.465 8.498 8.447 8.436 8.413 8.489 8.414

8.481 8.415 8.479 8.429 8.458 8.462 8.460 8.444

8.429 8.460 8.412 8.420 8.410 8.405 8.323 8.420

8.396 8.447 8.405 8.439 8.411 8.427 8.420 8.498

8.409

a. Construct a frequency distribution and a percentage distribution.

b. Construct a cumulative percentage distribution.

c. What can you conclude about the number of troughs that will meet the company’s requirements of troughs being between 8.31 and 8.61 inches wide?

Reference no: EM13851192

Questions Cloud

Is it necessary to register a trademark : Is it necessary to register a trademark? What are the benefits to registering a trademark? What distinguishes a trademark from another symbol or group of words?
What is your ethical obligation : Many television shows, movies, and songs can be downloaded for free on the Internet. Much of this material is copyrighted and was expensive to produce. Much of it is available for a fee through a legitimate site. Should you pay to download an episode..
Possible combinations of corn and beans : A farmer’s field grows 30 bushels of corn and 10 bushels of beans. The farmer can either consume these crops herself or trade them, with one bushel of beans being traded for one bushel of corn. Graph the farmer’s budget which is the possible combinat..
Certain environmental laws prohibit : Certain environmental laws prohibit EPA from considering the costs of meeting various standards when the levels of the standards are set. Is this a good example of “putting first things first” or simply an unjustifiable waste of resources? Why?
Construct a cumulative percentage distribution : A manufacturing company produces steel housings for electrical equipment. The main component part of the housing is a steel trough that is made out of a 14-gauge steel coil. Construct a frequency distribution and a percentage distribution. Construct ..
Playing the stock market is like gambling : Critically evaluate the following statement: Playing the stock market is like gambling. Such speculative investing has no social value, other than the pleasure people get from this form of gambling.
Services supplied by business in product market : How supply affects goods and services supplied by business in the product market. How demand effect goods and services in the consumer market. How supply effect factors of production in the factors market and how demand affects factors of production ..
Machines in terms of their present value in cost savings : Machine X will produce cost savings of $6,000 per year for four years; machine Y will produce cost savings of $4,000 per year for six years. If the interest rate is 10% compounded annually, what are the savings for both of these machines in terms of ..
Relatively inflexible leisure budget : The vast majority of consumers have a relatively inflexible leisure budget. The net effect on spending in the metropolitan area then is zero, or very closes to zero. Read above sentences and explain how a “substitution effect” is relevant for evaluat..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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