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Motorola used the normal distribution to determine the probability of defects and the number of defects expected in a production process. Assume a production process produces items with a mean weight of 10 ounces. Calculate the probability of a defect and the expected number of defects for a 1000-unit production run in the following situations. a.The process standard deviation is .15, and the process control is set at plus or minus one standard deviation. Units with weights less than 9.85 or greater than 10.15 ounces will be classified as defects. In a production run of 1000 parts, how many defects would be found (to the nearest whole number)? b.Through process design improvements, the process standard deviation can be reduced to .05. Assume the process control remains the same, with weights less than 9.85 or greater than 10.15 ounces being classified as defects. (to 4 decimals)? In a production run of 1000 parts, how many defects would be found (to the nearest whole number)? c.What is the advantage of reducing process variation?
Robert Nozick concluded which no state should provide any services beyond law enforcement.Illustrate what is the equivalent certain income to this bet.
An industry consists of three firms with sales of $200,000, $500,000, and $400,000. Compute the Herfindahl-Hirschman index.
Decreasing returns to scale refers to a situation where an increase in a firm's scale of production leads to lower costs every unit produced.
The marginal utility of a pizza is 20 utils, and its price is $2. If you buy one unit of each good, will you achieve consumer equilibrium? If not, how can greater total utility be obtained?
Illustrate what is relative PPP. Compute the current pound spot rate in dollar which would have been forecast by PPP.
Calculate the coefficient of price elasticity (midpoints approach) for Goldsboro's supply. Is its supply elastic, or is it inelastic.
If there are n firms in the marketplace also every firm charges p. Illustrate what is total producer surplus.
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
Illustrate what are some criteria which Rollerblade should use to select countries to enter also. Illustrate what three or four countries meet these criteria best also are the most likely consolidates.
Assume Arturo is willing to trade 6 burritos to Dina for each 10 tacos which Dina produces also send to Arturo.
Do you think the industry environment is significantly different today explain.
Find out his utility maximizing H and L. Assume he is not eligible for welfare. Now assume he is eligible for welfare. Does he take welfare or work.
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