Mean value - statistical aspects of variability, Operation Management

Assignment Help:

Mean value - Statistical Aspects of Variability

The arithmetical mean value (µ, mu) of the measurements can be readily calculated, as follows. Let the class mid- point values be denoted as x1, x2, x3, etc, and the frequency in each class as f1, f2, f3, etc. Let N be the total number of measurements (200 in this case). Select a convenient value (V) close to the expected mean value, say 505 in this case. Calculate the arithmetical mean value (µ) as:

µ = (f1 (x1-V) +f2(x2-V) + f3 (x3-V)... /N) + V

In this case

µ= (1(-15) +10(-10) +52(-5) + 63(0) + 56(5) + 16(10) +2(15)/200) + 505

= 505.48mg


Related Discussions:- Mean value - statistical aspects of variability

Explain companies doing acquisitions and mergers in future, Based on your r...

Based on your research of the United and Continental Airline merger, evaluate the challenges experienced during the merger and the resulting impact to the business. Assess the effe

Explain what is organizational culture, 1. What are personality traits? Def...

1. What are personality traits? Define and discuss the Big Five personality traits. Define and discuss other personality traits that affect managerial behaviour. 2. Explain Rike

Compute labor productivity change, Eric Johnson makes billiard balls in his...

Eric Johnson makes billiard balls in his New England plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the prod

Describe what these two service level mean, A cigar company stocks Cuban ci...

A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 6 weeks a

Explain company to suspect there is unmet demand, Describe some of the cues...

Describe some of the cues that might cause a company to suspect there is unmet demand for its products or services. How would you design a test to determine whether your suspicions

Improve efficiency in service organisations, Lean" thinking was first devel...

Lean" thinking was first developed with manufacturing organisations in mind. Explain FIVE examples of ways in which these waste elimination principles may be applied to improve eff

Explain trade-offs among increased wages for unions, What are the trade-off...

What are the trade-offs among increased wages for unions, productivity effects and profitability effects on organizations?

What is delegation, What is delegation? There is a limit to what a part...

What is delegation? There is a limit to what a particular can perform single-handed. After a point, the other persons working in the organisation have to be connected for perfo

Explain google''s efforts in corporate strategy, Write a report to Terry Be...

Write a report to Terry Bell: Review Google's values and mission. Provide your assessment of whether the company's overall operations and strategy are aligned to support those valu

Prouction n operation management, Q3. What do you understand by “line balan...

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

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