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

Statistics assignment, To compare three brands of computer keyboards, four ...

To compare three brands of computer keyboards, four data entry specialists were randomly selected. Each specialist used all three keyboards to enter the same kind of text material

Keno, Having 11 numbered balls -0 to 10 -into a basket and have 6 spaces t...

Having 11 numbered balls -0 to 10 -into a basket and have 6 spaces to be numbered with the balls selected in each 6 chances and it returned it back to the basket each time. Chanc

#regression, #regression line drawn as Y=C+1075x, when x was 2, and y was 2...

#regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual

Define sampling unit , Define sampling unit and population for selecting a ...

Define sampling unit and population for selecting a random sample in every case. a) 100 voters from a constituency b) 20 stocks of National Stock Exchange c) 50 account ho

Linear Programming, Linear Programming

Linear Programming

Confidence interval, a) List down several measures of central tendency and ...

a) List down several measures of central tendency and define the difference among them? b) What do you mean by confidence interval, and why it is useful? What is a confidence lev

Median, introduction of median

introduction of median

Problem set for logistic regression, (1) What values can the response varia...

(1) What values can the response variable Y take in logistic regression, and hence what statistical distribution does Y follow? The response variable can take the value of either

Define the partial market equilibrium model, Q. The following system of equ...

Q. The following system of equations illustrates the algebraic form of a partial (individual) market equilibrium model, which is a model of price (P) and quantity (Q) determination

Forward selection model, how to find mse from ssr table not the anova table...

how to find mse from ssr table not the anova table

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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