True mean shifts by one standard deviation

Assignment Help Game Theory
Reference no: EM1391365

A manufacturer produces pistons rings for an automobile engine. It is known that the ring is approximately normally distributed and has standard deviation of σ = 0.001 mm. A random sample of 15 rings has a mean diameter of x-bar 74.036 mm.

(a) Using a level of significance of 0.01, state and test the hypothesis that the mean piston ring diameter is 74.035 mm. Draw conclusions.

(b) What is the minimum level of significance to reject the null hypothesis?

(c) What are the lower and upper specifications limits (a, b) such that only 2.5% of the pistons ring would exceed the limits.

(d) What is the power of the test if the true mean shifts by one standard deviation?

Reference no: EM1391365

Questions Cloud

Benefit for amount of money spent : While it can't be denied that advertising impacts sales, it is also true that advertising is expensive and companies want to advertise in ways that have the greatest benefit for the amount of money spent.
How can you determine out µs and µk : A playground merry-go-round has radius 3-{rm m} and moment of inertia 3000-{rm{ kg}} cdot {rm{m}}^2 about a vertical axle through its center, and it turns with negligible friction.
The equilibrium real federal funds rate : Suppose that the economy is thought to be 2% above potential ( that is, output gap is 2%) when potential output grows 4% per year.
Recognize musical elements in composer-s style : Select one of the composers and describe why you wish him to write "birthday present" music. Describe why other two composers were eventually not selected.
True mean shifts by one standard deviation : What are the lower and upper specifications limits (a, b) such that only 2.5% of the pistons ring would exceed the limits. What is the power of the test if the true mean shifts by one standard deviation?
Rid an experimental organism of the function of a gene : Assume if you want to rid an experimental organism of the function of a gene, you can use RNAi. What would you inject into the organism?
Calculate confidence interval for the mean math sat : Assume the population of Math SAT scores for seniors in the district is approximately normally distributed. We wish to calculate a 90% confidence interval for the mean Math SAT score mu for the population of seniors.
Bobble head dolls for major league baseball : Your company makes all the bobble head dolls for Major League Baseball. The doll making procedure is the same for all bobble heads, they are then sent to the painter to make each bubble head match the look of a specific player
Standard deviation-computational formula : The bank wants to find out the waiting time of their customers during the Friday evening hours from 5pm to 8pm. Using the data in ungrouped form, compute the Standard Deviation, using the computational formula.

Reviews

Write a Review

Game Theory Questions & Answers

  Analyzing payoff matrix for a dominant strategy

The Candle Company and the Wick Corporation are the only manufactures of a very sophisticated type of flammable material.

  Probability that an executive who speaks a foreign language

What is the probability that an executive who speaks a foreign language has not traveled internationally?

  Probability of no off-the-job accidents

What is the probability of no off-the-job accidents during a one-year period (to 4 decimals)?

  Standard deviation of measurements

Test the hypothesis that random variable 30.4 31.2 30.8 29.9 30.4 30.7 29.9 30.1 come from a normal distribution with mean 30.5. The standard deviation of the measurements is known to be 0.1

  What is the average annual decline rate

In an enterprise the unit cost of the product is 200 dollars in 2000, 160 dollars in 2005, please calculate the average annual decline rate of unit cost during the period from 2000 to 2005. If in 2010 the unit cost of the product down to 112 dolla..

  Game theory based question

Assume that the companies in an oligopolistic market engage in a price war and, as a result, all companies earn lower profits. Game theory would describe this as what?

  Test the claim when mean is less

A manufacturer makes ball bearings that are supposed to have a mean weight of 30 g. A retailer suspects that the mean weight is actually less than 30 g. The mean weight for a random sample of 16 ball bearings is 29.5 g. with a standard deviation o..

  Perform a chi-square test to test her research hypothesis

Assuming that the systolic blood pressures of deep sea divers are normally distributed, the doctor would perform a chi-square test to test her research hypothesis. In that case, what is the test value that she would compute.

  Conditional probability to compute the other probability

For a class activity, your group has been assigned the task of generating a quiz question that requires use of formula for conditional probability to compute P(B/A).

  Potential partners for a dance-distribution and parameters

You randomly call friends who could be potential partners for a dance. You think that they all respond to your requests independently of each other, and you estimate that each one s 7% likely to accept your request. Let X denote the number of call..

  Question related to pair of 14-sided dice when rolled

Suppose that a pair of 14-sided dice are rolled (the sides are numbered 1-14 and yes, these do actually exist).

  Determining nash equilibrium

Firm A and Firm B are the only competitors in market. Each has to decide what price to set for its product. Once prices are set, they cannot be changed for year. Both companies set prices at the same time.

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