What is the minimum percentage of acceptable metal pipe

Assignment Help Econometrics
Reference no: EM13240040

A supplier of "1" diamiter metal pipe takes a sample from its production line and determines that the sample mean (xbar) =1.000" and the sample standard deviation (s) = 0.0010". the purchaser of the metal pipe will only accept deliveries of pipe where the diameters fall in the range of 1" +/- 0.0030". Using Chebyshev's Theorem, what is the minimum percentage of acceptable metal pipe in a given shipment. (K
must be in "standard deviation")

Reference no: EM13240040

Questions Cloud

What are marginal costs and benefits of pursuing education : Your decision to pursue a higher-level degree is based on investment in human capital. What are the marginal costs and benefits of pursuing additional education and the inherent risks associated with this decision
Find the footballs initial velocity : A football is projected on a flat surface at a 32° angle. If the ball lands 45m from where it started, what is the football's initial velocity
Find the charge on the rod : The electric field near the middle of a long, thin, uniformly charged rod is 3.6x10^4 N/C at a distance of 9.50 cm from the rod. If the rod's length is 17.8 m
Improve the gdp as a tool for measuring the well-being : Although GDP per capita is the most commonly used measure of a country's success, many economists believe it does not give an accurate measure of a nation's economic well-being. Some studies have concluded that GDP is not the best measure
What is the minimum percentage of acceptable metal pipe : the purchaser of the metal pipe will only accept deliveries of pipe where the diameters fall in the range of 1" +/- 0.0030". Using Chebyshev's Theorem, what is the minimum percentage of acceptable metal pipe in a given shipment. (K must be in "st..
Find the magnitude of the electrostatic force on charge b : A picture shows a charge A 1.00 m above the origin and has a charge of 5.00 X10^-9, Find the magnitude and direction of the electrostatic force on charge B.
How many machines would you recommend firm a to produce : After being the monopolist for awhile, there's a new firm entering the market. Both firms will be choosing output simultaneously (new firm has the same cost function) How many machines would you recommend firm A to produce
Explain how much ice have melt to lower the temperature : How much ice (in grams) would have to melt to lower the temperature of 351 mL of water from 26 C to 6 C. (Assume the density of water is 1.0 g/mL.)
What is his correct launch speed : A Hollywood daredevil plans to jump the canyon shown in the figure on a motorcycle, what is the correct angle for his launch ramp (deg) and What is his correct launch speed

Reviews

Write a Review

Econometrics Questions & Answers

  Derive the optimal prices and the payoffs for each firm

Consider now that there are two qualities s1 and s2 with s2 > s1 provided by two different  firms 1 and 2. The timing is the following:  first  firms choose their qualities, second they compete in price.

  Determine what is the probability that attendance is greater

The attendance at baseball games at a certain stadium is normally distributed, with a mean of 44,000 and a standard deviation of 2500. For any given game a) What is the probability that attendance is greater than 46,000

  Determine which alternative should present worth select

A firm is considering three mutually exclusive alternatives as part of a production improvement program. The alternatives are, Alternatives Cash flow A B C Installed cost $12,250 $14,000 $16,500 Uniform annual Benefit $ 2,750 $ 2,700 $ 2,950 Salva..

  Determine the book value of the assets after 3 years

Some special handling devices can be bought for $12,000. At the end of 4 years they can be sold for $3,500. Determine the book value of the assets after 3 years of depreciation using SYOD.

  Why is it even a less fair bet when the house takes a cut

A "mathematically fair bet" is one in which the amount won will on average equal the amount bet, for example, when a gambler bets, say, "$100 for a 10 percent chance to win $1000 ($100 = .10 x $1000). Assuming diminishing marginal utility of dolla..

  Who wants more in revenue proposes taxing the cars

The City of Greenville needs to raise revenue. Alderman Black has proposed a $10 tax on red cars in the city, currently numbering 2,000. Mayor White, who wants more than $20,000 in revenue, proposes taxing these cars at $100 each.

  Find matts marginal rate of substitution

Matt and Johnny both purchase pop and chips at the same convenience store. They have different tastes for pop and chips, so Matt buys 3 cans of pop and 10 bags of chips whereas Johnny buys 15 cans of pop and 2 bags of chips.

  Calculate the average product of grain

Based on data obtained by department agriculture, the relationship between Cows Total output Of milk & amount of grain It is fed is as Follow: Mount of grain(1200/1800/2400/3000) Amount of milk (5917/7250/8379/9317)

  Determine aggregate private savings nd aggregate consumption

Assume an economy with 1000 consumers. Each consumer has income in the current period of 50 units and future income of 60 units and pays a lump-sum tax of 10 in the current period and 20 units in the future period.

  What will be the deadweight loss created by this monopoly

Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce What will be the deadweight loss created by this monopoly

  What is the generalized demand function for good

The generalized demand function for good A is: Qd = 600 - 4PA - 0.03M - 12PB + 15F + 6Pe + 1.5N where Qd = quantity demanded of good A each month, PA = price of good A, M = average household income, PB = price of related good B, F = consumer taste..

  Does the firm sell output in a perfectly competitive market

A firm hires labor in a perfectly competitive labor market. Its current profit-maximizing hourly output is 100 units, which the firm sells at a price of $5 per unit. The marginal physical product of the last unit of labor employed is 5 units per h..

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