User Account

All Pages

STATISTICS, Applied Statistics

Assignment Help:
Ask 3. Precision Manufacturing has a government contract to produce stainless steel rods for use in military aircraft. Each rod is required to be 20 millimeters in diameter. Each hour, random samples of size n = 4 rods are measured to check process control. Five hours of observations yielded the following:

Diameter
Time Rod 1 Rod 2 Rod 3 Rod 4
9 A.M. 19.8 20.4 19.9 20.3
10 A.M. 20.1 20.2 19.9 19.8
11 A.M. 19.9 20.5 20.3 20.1
Noon 19.7 19.8 20.3 20.2
1 P.M. 19.7 20.1 19.9 19.9

Construct the xbar-chart and the R-chart.
Is the process in control?

4. Modern Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Modern Electronics is considering building a new facility but the estimated profits would be impacted by the type of market that develops. The probability for a strong market is 0.3; for a fair market is 0.5; and for a poor market is 0.2. You are responsible for advising the president of Modern Electronics on the type facility that should be built or to not build a facility at all. The table shows the estimated profits under each market and for each size facility.

Estimated Profits
Strong Market Fair Market Poor Market
Build a large facility 550,000 110,000 -310,000
Build a medium-size facility 300,000 129,000 -100,000
Build a small facility 200,000 100,000 -32,000
Do not build a facility 0 0 0

Provide a recommendation to the president that maximizes profits
Provide a second recommendation to the president that minimizes regret.

5. Consulting income at Kaplan Associates for the period February – July is shown in the table below. Assume that the initial forecast for February is $65,000. Use Exponential smoothing to forecast August’s income.

Month Income ($1,000)
February 70.0
March 68.5
April 64.8
May 71.7
June 71.3
July 72.8

Use a smoothing constant of a = 0.2.
Use a smoothing constant of a = 0.5.
Which forecasting constant is best in this situation?
question #Minimum 100 words accepted#

Related Discussions:- STATISTICS

Test for equality of proportions, Test for Equality of Proportions For...

Test for Equality of Proportions For example, we may want to test whether the percentage of smokers (p 1 ) among the males equals the percentage of female smokers (p 2 ). W

Interaction of enviornment and gene , entropy test to measure interaction b...

entropy test to measure interaction between enviornmental factors and genes

Sample standard deviation, Sample Standard Deviation So far, we discu...

Sample Standard Deviation So far, we discussed the population standard deviation. Now, let us switch to sample standard deviation(s) that is analogous to the population stand

Simple linear regression, We are interested in assessing the effects of tem...

We are interested in assessing the effects of temperature (low, medium, and high) and technical configuration on the amount of waste output for a manufacturing plant. Suppose that

Weighted arithmetic mean, Weighted Arithmetic Mean Another aspect...

Weighted Arithmetic Mean Another aspect to be considered is the importance we assign to each observation. The arithmetic mean as we calculated it so far gives equal

Muti linear regression model problem, Muti linear regression model problem ...

Muti linear regression model problem An investigator is studying the relationship between weight (in pounds) and height (in inches) using data from a sample of 126 high school

#Probablility, #In planning the teaching assignments for next semester, Mr....

#In planning the teaching assignments for next semester, Mr. Hinton must have a teacher in each of the 7 grades during each of the 6 periods of the day. If he has 10 teachers to ch

Analysis of covariance (ancova), Analysis of covariance (ANCOVA) It is ...

Analysis of covariance (ANCOVA) It is initially used for an expansion of the analysis of variance which permits to the possible effects of continuous concomitant variables (suc

20 problems, quote

quote

Statisttics., Explain any two applications of statistics

Explain any two applications of statistics

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd