Mathematical analysis of the normal distribution curve, Operation Management

Assignment Help:

Mathematical Analysis of the Normal Distribution Curve

Mathematical analysis of the normal distribution curve has produced data tables which provide population statistics in relation to multiples of the standard deviation. For example, 68.3 per cent of the population lies within ±1 standard deviation of the mean; 95.4 per cent lies within ±2 standard deviations, and 99.7 per cent lies within ±3 standard deviations (as shown in this figure). As will be seen later, SPC charts use multiples of ±1.96σ and ±3.09σ to set the control chart limits.

2081_Mathematical Analysis of the Normal Distribution Curve.png


Related Discussions:- Mathematical analysis of the normal distribution curve

Calculate first''s rop, First printing has contracts with legal firms in Sa...

First printing has contracts with legal firms in San Francisco to copy their court documents. Daily demand is almost constant at 12,500 pages of documents. The lead time for paper

Explain the information technology components, 1.1 Fast Fit Case Study Fast...

1.1 Fast Fit Case Study Fast Fit Sporting Goods is a successful New England regional supplier of sporting goods to the high end consumer market. They sell an exclusive selection of

What makes atm especially well-suited to transmitting voice, What makes ATM...

What makes ATM especially well-suited to transmitting voice and video signals? a. its use of variable-sized packets b. its connectionless nature c. its use of time divisio

Introduction of operations strategy, Introduction of Operations Strategy ...

Introduction of Operations Strategy The term strategy, given in the Collins English Dictionary is, 'the art or science of the planning and conduct of a war; generalship; a lon

Explain protocols are important in medicine, Protocols are important in med...

Protocols are important in medicine. We use them anytime that a particularly important process needs to be completed in a sequential way for the benefit of our patients. What is yo

Why surprised by environmental changes, Why do you think many managers are ...

Why do you think many managers are surprised by environmental changes and hence are less able to help their organizations adapt?

Game theory, Consider the following parlor game to be played between two pl...

Consider the following parlor game to be played between two players. Each player begins with three chips: one red, one white, and one blue. Each chip can be used only once. To beg

Explain major components of information management, Discuss the five (5) ma...

Discuss the five (5) major components of information management / information technology (IM / IT) governance with a focus on how they will collectively improve the quality of heal

What additional annual cost is the shop incurring by staying, Garden Variet...

Garden Variety Flower Shop uses 740 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs a

Explain what is the optimal opder quantity for coffee, A special coffeehous...

A special coffeehouse sells Colombian coffee at a fairly steady reat of 30 pounds per month. The beans are purchased from a local supplier for $3.20 per pound. The coffeehouse esti

Write Your Message!

Captcha
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