What fraction of the production will be unacceptable

Assignment Help Econometrics
Reference no: EM13204114

A machine operation produces bearings whose diameters are normally distributed, with a mean of .498and a standard deviation of .002. If specifications require that the bearing diameter be .500 inch +- .004 inch, what fraction of the production will be unacceptable?

Reference no: EM13204114

Questions Cloud

Explain the region enclosed by the given curves : Sketch the region enclosed by the given curves. Decide whether to integrate with respect to x or y. Draw a typical approximating rectangle and label its height and width
How many pounds of ground beef should the manager have : Since the fast-food business is very competitive, the manager would like to ensure that sufficient ground beef is available in her restaurant each day so that the probability is no greater than 1% that the day's supply is exhausted.
How does a current account deficit benefit u.s. citizens : What is a current account deficit? Specifically, what does it mean that the U.S. isrunning a current account deficit? How does a current account deficit benefit U.S. citizens? Howdoes a current account deficit hurt U.S. citizens?
Explain favor stricter gun control legislation is pw : Suppose the proportion of women who favor stricter gun control legislation is pw and the proportion of men who favor stricter gun control legislation is pm. The survey found a 90% confidence interval for pw-pm IS (-.08,.22). Give an interpretation..
What fraction of the production will be unacceptable : A machine operation produces bearings whose diameters are normally distributed, with a mean of .498and a standard deviation of .002. If specifications require that the bearing diameter be .500 inch +- .004 inch, what fraction of the production wil..
Define initial upwards velocity in feet per second : When a ball is thrown, its height in feet h after t seconds is given by the equation, h=vt-16t^2 where v is the initial upwards velocity in feet per second. If v=37 feet per second
Find average size of farms in two counties in pennsylvania : A researcher wanted to determine if the average size of farms in two counties in Pennsylvania were different. He samples 8 farms in Indiana County and determines the average size of a farm is 191 acres with a standard deviation of 38 acres.
Find the probability that a particular san fran : A Study of pharmacies in the San Fran. area found the prices charged for 100 tablets of medicine to be approx. normally distributed, with a mean price of $8.50 and a standard deviation of $2. Find the probability that a particular San Fran.
Discuss the development of exchange traded funds : Discuss the development of exchange traded funds (ETFs) in the United States. How do these ETFs differ from conventional equity mutual funds? Please discuss what is meant by the Sharpe Ratio, the Treynor Ratio, theSortino Ratios, and Jensen'..

Reviews

Write a Review

Econometrics Questions & Answers

  How would the household senforce their property rights

Suppose that the inverse demand for shale gas is given by p = 400 - 2q. The private marginal cost of producing shale gas is PMC = 100 + q. Suppose that in order to produce shale gas at the PMC given above, the oil and gas (O&G) companies (that pro..

  Solve for steady-state level of captial and output

Suppose a country has the following production function: Y=K^(3/4) In this same country, 8%of the capital stock depreciates each year. Additionally, the ecnonmy consumes 60% of output. A)When K=500 is the captial stock growing or shrinking B)When K=4..

  When the profit will split evenly

Consumers are located uniformly along a straight 1 mile road that leads from the one end of town to the other (no cross roads exists). Each consumer wants to buy one unit of a good from an existing store. The transportation cost or the cost of wal..

  What will your accounting profit or loss be

Suppose the government imposes a 25-percent tax on accounting profits. This tax is only levied if a firm is earning positive accounting profits. What will your after-tax accounting profit be in the low-revenue case In the high-revenue case.

  Why beach and alex chose cycling in the first stage

Alex and Barbara will simultaneously choose to go to the beach or to go cycling without talking to one another. Alex prefers beach and Barbara prefers cycling, but they prefer to be with one another.

  Compute the amount of each of the 12 payments

A person arranges to repay a a$1000 bank loan in 10 equal payments at a 10% annual interest rate. Immediately after his third payment he borrows $500, also at 10% annual interest rate. When he borrows the $500, he talks the banker into letting him..

  Calculate the elasticity of demand

Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices.Price of crackers   Quantity Demanded (per month)$3                        80 $2.5                    120

  Why might zenvox choose to produce at a price

The Zenvox TV Company faces a demand function for its products that can be expressed as Q = 4,000 - P + 0.5i, where Q is the number of tv's, P is the price per tv, and i is the average monthly income. Average monthly income is currently equal to $..

  How might this factor affect the operators pricing policy

When wekend prices skyrocket, some weekend golfers choose to play during the week instead. The greater difference between the weekday and the weekend prices, thegreater are the number of "defectors." How might this factor affect the operator's pri..

  Develop a 90% confidence interval for population mean gpa

At a particular academically challenging high school, the average GPA of a high school senior is known to be normally distributed with a variance of 0.25. A sample of 20 seniors is taken and their average GPA is found to be 2.71

  By what percentage did us total factor production grow

What happened to the marginal product of labor between 1960 and 2007 calculate the marginal product numerically as the extra output gained by adding 1 million workers in each of the two years.

  What would have to be his-her budget constraint to maximize

Assume that an individual consumes two goods, X and Y. The total utility (assumed measurable) of each good is independent of the rate of consumption of other good. The price of X and Y are respectively $40 and $60.

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