The Breaking Strength (In Pounds) of a Certain New Synthetic

question 39

Short Answer

The breaking strength (in pounds) of a certain new synthetic is normally distributed, with a mean of 170 pounds and a variance of 16. The material is considered defective if the breaking strength is less than 158 pounds. What is the probability that a randomly selected piece of material will be defective? Please round the answer to the nearest thousandth, if necessary.

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Definitions:

MRP

Material Requirements Planning is a system for planning production schedules and inventory needs.

Marginal Revenue Product

The additional income generated from using one more unit of a resource, used in economics to determine the optimal level of resource employment.

Profit-maximizing

A business strategy aimed at achieving the highest possible profit through adjusting production levels, pricing, or other operational methods.

Marginal Revenue Product

The increased earnings resulting from the utilization of one more production factor unit.