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Your organization purchases bottles of a popular commercial solvent for resale. Each bottle is labeled as containing 32 fluid ounces of the solvent. Your contract specifies that each bottle must contain 32 ± .125 ounces of the specified solvent. Recently, you have noticed that some bottles appear to be out of specification. Obviously, the most significant problem is bottles do not contain at least 31.875 ounces of solvent. The results of a study of the bottle-filling process indicate an average of 31.995 ounces of solvent in each bottle with a standard deviation of approximately .075 ounces. Based on this information, what proportion of filled bottles are out of specification?
Differentiate between prediction, projection and forecasting.
Measures of Dispersion Box 3: Food vs. Oil Below are the figures for foodgrain procurement and cr
1 A penny is tossed 5 times. a. Find the chance that the 5th toss is a head b. Find the chance that the 5th toss is a head, given the first 4 are tails.
Deviation Measures The drawback of the range as a measure of dispersion is that it takes into account the values of only two data points - the largest and the smallest. One
discuss the mathematical test of adequacy of index number of formulae. prove algebraically that the laspeyre, paasche and fisher price index formulae satisfies this test. What is
What is an interaction? Describe an example and identify the variables within your population (work, social, academic, etc.) for which you might expect interactions?
Under the standard cost method which is also referred as the standard cost method ,stock receipts are assigned a standard cost. Any variations between the actual cost and standard
Formation of Continuous Frequency Distribution: Continuous frequency distribution is most popular in practice. With reference to the formation of this type of frequency distr
what are the challenges affecting population census in developing countries
You have an assembly line which produces 1L bottles of seltzer with a standard deviation of 0.05L. • Assuming the distribution of volume is normal, what is the chance any single
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