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Refer to given Exercise. The manufacturer is considering adopting a new process to reduce the variability in the thickness of coating. It is estimated that the additional cost for this improvement is $0.03 per linear meter. The annual production is 10,000 reels. Each reel has 200 m of tape. A random sample of size 8 from the new process yielded the following thicknesses (in millimeters): 0.0051, 0.0048, 0.0049, 0.0052, 0.0052, 0.0051, 0.0050, 0.0049. Is it cost-effective to use the new process? What is the annual savings or loss?
Exercise A manufacturer of magnetic tapes is interested in reducing the variability of the thickness of the coating on the tape. It is estimated that the loss to the consumer is $10 per reel if the thickness exceeds 0.005 ±0.0004 mm. Each reel has 200 m of tape. A random sample of 10 yields the following thicknesses (in millimeters): 0.0048, 0.0053, 0.0051, 0.0051, 0.0052, 0.0049, 0.0051, 0.0047, 0.0054, 0.0052. Find the average loss per reel.
Give a complete solution in the form of a pair of decisions under given circumstances that maximize the designer's expected pro?ts.
Assume you are using ANOVA to study some phenomenon. There are three treatment levels and a total of 17 people in the study. Complete the following ANOVA table.
dr. mack lemore wishes to estimate the proportion of people who buy items they know are defective from thrift shops
Sample mean = $40,000, sample standard deviation =$1500 and n= 25. Assume that the population from which the sample is drawn is normally distributed.
a health researcher is interested in determining whether or not the speed at which people walk is related to their
question a car averages 27 miles per gallon. if gas costs 4.04 per gallon which of the following is closest to how much
Compute the mean of each of the 10 samples and list them. Explain how the mean of the means is equal, or not, to the population mean of the 100 listing prices from above.
The null hypothesis is µ ≤ 12. The test statistic is Z. Assuming that other things remain the same, will the p-value increase or decrease when X‾ Increases.
British airways employs you as cunsultant to analyse the departure time of flight leaving Cape Town International Airport. The acceptance time frame for departures is 0 for on-time plus or minus 15 minutes. During a typical week the following flights..
suppose iq score were obtained from a randomly selected siblings.for such 20 pairs of people the linear corelation is
So construct a multiple regression model for predicting the crime rate based upon various explanatory variables unemployment rate, median income, education level.
Since 38% is less than 40%, does this mean that immediate production cutbacks are needed or can this difference of 2 percentage points be attributed to sampling?
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