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 what organizations currently utilize six sigma, What is Six Sigma? ...

What is Six Sigma? Who started it? What organizations currently utilize Six Sigma

Explain competitive advantage of southwest airlines, What might the competi...

What might the competitive advantage be for each of the following companies? a. EBay b. Southwest Airlines c. Starbucks d. Apple f. Facebook

Compute the minimum replenishment time to build model, Calculate the minimu...

Calculate the minimum replenishment time to build 2500 Model A fountains given the following beginning inventories?

Define constraint its associated binary decision variables, Consider the fo...

Consider the following constraint and its associated binary decision variables: XA + XB + XC = 2. This constraint is an example of a mutually exclusive constraint.

Explain stakeholders of a company are shareholders, Stakeholders of a compa...

Stakeholders of a company are shareholders, the community, customers, employees, and all of the other parties that have an interest in seeing that the company succeeds. True False

Linebalancing, what do you understand by "line balancing"? What happens if ...

what do you understand by "line balancing"? What happens if balance doesn''t exist ?

Explain why is it important for a company to orient freshers, Why is it imp...

Why is it important for a company to orient a new employee to a job? What steps would you take to orient a new employee to do what they are supposed to do?

Explain what is the production, A local market research firm has just won a...

A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis. In the past, the firm has assigned each

Trigger changes in aspects of practice, What is a critique? Simply stated, ...

What is a critique? Simply stated, a critique is a critical analysis undertaken for some purpose. Nurses critique research for three main reasons: to improve their practice, to bro

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