Determine the estimated loss if the quality characteristic

Assignment Help Managerial Economics
Reference no: EM13975370

1. Suppose that the specifications for a part (in inches) are 6.00 ± 0.15, and that the taguchi loss function is estimated to be l(x) = 6,500(x-t)(squared). Determine the estimated loss if the quality characteristic under study takes on a value of 6.20 inches and 10 parts are produced. 

Reference no: EM13975370

Questions Cloud

How many degrees of freedom do you have : How many degrees of freedom do you have and show that the above expression for the phase-space is equivalent to the one written in terms of three-momentum integrals
Graders in unorganized activities : On the average, how many student-days elapse between injuries to fourth to sixth graders in unorganized activities at school, and what is the probability that the next such injury will occur before 45 thousand student-days have passed?
How do you control concurrency in the agile process : All modern programming languages implement the structured programming constructs, Provide examples from three programming languages that show structured programming constructs
Duration of the dinner event : Assuming that Hargrove students are typical in terms of susceptibility to allergies and that the college president's home happens to contain just about every common allergen to which afflicted persons react, what is the probability that at least 8..
Determine the estimated loss if the quality characteristic : Determine the estimated loss if the quality characteristic under study takes on a value of 6.20 inches and 10 parts are produced.
Problem regarding the business-procurement venture : Exactly two of the contracts? Exactly three of the contracts? All four contracts? Overall, what is OfficeQuip's expected profit in this business-procurement venture?
Escape with minimal damage : What is the probability that the worst will occur and she will have surprise quizzes in all three classes? What is the probability that she will escape with minimal damage and have a quiz in only one of the three classes?
What is the main benefit of this proposal : What is the main benefit of this proposal? What is the main drawback of this proposal?
What is magnitude of average induced electromotive force : A flexible wire loop has a radius of r = 15.3 cm and it is inside a uniform magnetic field of B = 0.529 T. The loop is grasped at points P and Q and stretched until its area is zero. It takes 184 ms to close the loop. What is the magnitude of the ..

Reviews

Write a Review

Managerial Economics Questions & Answers

  What is likely to happen to the demand for sport shirts

What is likely to happen to the demand for sport shirts (not taxed) and undershirts (which are worn primarily with dress shirts)? Explain.

  How much would they change

Which line items and totals would change, by how much would they change, and what would be the resulting values in the following Income statement and balance sheet

  Find the revenue maximizing output and price

Find the revenue maximizing output and price. Calculate the total revenue. Is this outcome on the elastic, inelastic, or unitary elastic part of the demand curve?

  What will happen to revenue if the company raises its price

Is demand elastic or inelastic? What will happen to revenue if the company raises its price?

  Improve the firms organizational performance

Reduce the current $1.04 quarterly dividend by 50% and utilize the capital to improve the firm's organizational performance - Bring back to the US a manufacturing facility from Taiwan to South Carolina-the State tax incentive will net the firm $56..

  Will consumer expenditures on golf ball increase or decrease

Can you say anything about the elasticity of either the demand or supply curves from observing these effects? Will consumer expenditures on golf balls increase or decrease? Explain.

  In light of the affordable health care act and the myriad of

In light of the Affordable Health Care Act and the myriad of citizens using the new health care insurance system, you, as a health care administrator for a hospital

  How will dollar devaluation affect businesses and consumers

How does a decrease in U.S. interest rates affect the Eu/U.S. exchange rate? Use the carry trade to predict the impact of lower U.S. interest on Euro/$.

  Does the outcome of vote imply that the voting process

Does the outcome of this vote imply that the voting process is controlled by managers and that shareholders do not have a voice in the company? Explain.

  How does monetary policy affect aggregate demand in the

How does monetary policy affect aggregate demand in the short run? How does monetary policy affect aggregate demand in the long run? Your response should be at least 75 words in length.

  The profit maximising price under monopoly

1.Why is the profit maximising price under monopoly greater than marginal cost? In what way can this be seen as inefficient?

  Find out the price that maximizes its profit

If the company is currently charging $4 a gallon, is it maximizing profit? If so, prove it. If not, find out the price that maximizes its profit, and compare the profits at the two prices.

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