What is probability of production machines will be adjusted

Assignment Help Management Theories
Reference no: EM131460860

Question: Acceptance sampling is an important quality control technique, where a batch of data is tested to determine if the proportion of units having a particular attribute exceeds a given percentage. Suppose that 10% of produced items are known to be nonconforming. Every week a batch of items is evaluated and the production machines are adjusted if the proportion of nonconforming items exceeds 15%.

a. What is the probability that the production machines will be adjusted if the batch consists of 50 items?

b. What is the probability that the production machines will be adjusted if the batch consists of 100 items?

Reference no: EM131460860

Questions Cloud

Bank account to cover college expenses over next four years : If account pays .67 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years
Comment on difference between the two estimated probabilties : American workers are increasingly planning to delay retirement (US News & World Report, June 30, 2010). According to a Pew Research Center comprehensive survey.
Discuss about the person-environment fit : Person-environment fit (P-E fit) refers to the similarity or congruence between a person's values or personality and his or her work environment.
Find out the financing choice for each type of investor : Find out the financing choice for each type of investor and corresponding after-tax return on equity. Which type of investor has the highest after-tax return?
What is probability of production machines will be adjusted : Acceptance sampling is an important quality control technique, where a batch of data is tested to determine if the proportion of units having a particular.
What is the monthly return on this investment vehicle : What is the monthly return on this investment vehicle? What is the effective annual return?
Mutual funds that mimic the returns of the index : The S&P stock index represents a portfolio comprised of 500 large publicly traded companies. you can purchase mutual funds that mimic the returns of the index
Compute the probability of obtaining a sample mean : The significant decline of savings in the United States from the 1970s and 1980s to the 1990s and 2000s has been widely discussed by economists.
Why is customer integration so important : When working with a business why is customer integration and customer satisfaction so important? Give examples on how they are important.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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