Problem statistical process control

Assignment Help Business Economics
Reference no: EM132414164

Problem Statistical Process Control

Powerade® advertises a volume of 32 fluid ounces for a few of its product lines. Suppose that the process manager at a certain Powerade® facility takes a sample of 25 bottles once a week to see if the correct volume is being produced, and based on historical data, the population standard deviation is 0.1 oz. Use this information to answer the following questions.

Problem 1. First, which of the main problem types is this, i.e.which set of formulas is most appropriate for this problem

Problem 2. Define appropriate null and alternative hypotheses regarding the weekly 32-oz Powerade® sample.

Problem 3. If the advertised quantity of 32 fluid ounces is the true value of the population, what is the probability that the manager's 25-bottle sample will provide a sample mean within ±0.04 fluid ounces of the advertised quantity?

Problem 4. Suppose that the new manager's sample has an average of 31.5 oz. Compute the 95% confidence interval for the population mean.

Problem 5. Based on the confidence interval you calculated in Problem 4, does the process appear to have shifted, or is it still producing 32-oz sport drinks?

Reference no: EM132414164

Questions Cloud

Analyze performance of the leadership of organization : Analyze the performance of the leadership of an organization (Huawei). How did the leadership of the organization perform regarding those challenges)
What is the maximum profit : How much should she invest in each type of bond to maximize her return? What is the maximum profit?
Explain the contribution of EBP to professional nursing : Overview of Selected Evidence Based Practice EBP project - Explain the contribution of EBP to professional nursing. Identify Program Specialty Track
Mean and standard deviation of the sampling distribution : What are the mean and standard deviation of the sampling distribution of p^? Round answer to three decimal places.
Problem statistical process control : Problem 1. First, which of the main problem types is this, i.e.which set of formulas is most appropriate for this problem
Determine tone at top from organizational perspective : How would you describe the factors that determine the tone at the top from an organizational perspective?
Normally distributed random variable : The weight of a small Starbucks coffee is a normally distributed random variable with a mean of 365 grams and a standard deviation of 14 grams.
Rapid changes in consumer adoption of hardware devices : What challenges do these types of companies face in relation to the rapid changes in consumer adoption of hardware devices?
How technology impacts health care marketing and marketers : According to Sandilands - In relation to health care organizations, explain how technology impacts both health care marketing and marketers

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