A Woodworker Is Concerned About the Quality of the Finished

question 147

Essay

A woodworker is concerned about the quality of the finished appearance of her work. In sampling units of a split-willow hand-woven basket, she has found the following number of finish defects in ten units sampled: 4, 0, 3, 1, 2, 0, 1, 2, 0, 2.
a. Calculate the average number of defects per basket
b. If 3-sigma control limits are used, calculate the lower control limit, centerline, and upper control limit.

---

Definitions:

Buyer's Value

The maximum amount that a buyer is willing to pay for a good or service, reflecting the personal value the buyer attributes to the product.

Seller's Cost

The total expenses incurred by a seller in producing and selling a product, including manufacturing, labor, and material costs.

Tax Per Unit

A fixed amount of tax imposed on a product or service, regardless of its selling price.

Producer Surplus

The divergence between what producers are prepared to agree on for a sale of goods or services and the resultant financial gain.