Find the probability of a particular set of eight points

Assignment Help Basic Statistics

Reference no: EM131815919

Find the probability that a particular set of eight consecutive points will fall on one side of the center line for a process that is in control.

(Hints: For a process that is in control, assume that the probability is 0.5 that a point is on the same side as the first point, and these are independent.You may therefore compute the probability for a binomial distribution with π ¼0.5 and n¼7. You would use n¼7 instead of n¼8 because the first point of the sequence is free to fall on either side, so the situation is really determined by the seven other points.)

Reference no: EM131815919

Questions Cloud

Questionnaire to measure individuals aggressiveness : A psychologist has designed a questionnaire to measure individuals' aggressiveness. Suppose that the scores on the questionnaire are normally distributed.

Compute the sales level required in both dollars and units : Compute the sales level required in both dollars and units to earn $161,000 of after-tax income in 2012 with the machine installed

What is the project npv under the worst case : RSM Co is considering a project which will require the purchase of $2.7 million in new equipment. The equipment will be depreciated straight-line.

Compute the mean-variance and standard deviation : Please include inferential statistics showing the hypothesis the formula used and the degrees of freedom applied.

Find the probability of a particular set of eight points : Find the probability that a particular set of eight consecutive points will fall on one side of the center line for a process that is in control.

Identify and analyze the adjustment to be recorded : Identify and analyze the adjustment to be recorded on December 31

Compute the after-tax IRR under the SL method : An assembly operation at a software company currently requires $90,000 per year in labor costs. A robot can be purchased and installed to automate.

Main points of analysis : What does develop an introduction to your paper that provides a brief overview of the article and the main points of your analysis. In a reseach essay mean?

Describe the data displayed in the chart : Describe the data displayed in the chart and what conclusion you could draw.

User Account

All Pages