Examlex

Solved

Consider an Engine Parts Supplier and Suppose the Supplier Has

question 1

Short Answer

Consider an engine parts supplier and suppose the supplier has determined that the mean and variance of the population of all cylindrical engine part outside diameters produced by the current machine are, respectively, 2.5 inches and .00075. To reduce this variance, a new machine is designed. A random sample of 20 outside diameters produced by this new machine has a sample mean of 2.5 inches and a variance of s2 = .0002 (normal distribution). In order for a cylindrical engine part to give an engine long life, the outside diameter must be between 2.43 and 2.57 inches. Find the 95 percent confidence intervals for σ2 and σ for the new machine.


Definitions:

But-not Questions

Questions designed to clarify or specify by excluding certain options or conditions, often used in problem-solving or negotiation.

Risk Taking

The willingness to engage in actions or decisions that involve uncertainty and potential loss in order to achieve possible rewards.

Thrill Seeking

The pursuit of activities or behaviors that provide a high level of excitement or adrenaline, often involving physical risk or danger.

Intrinsic Motivation

An internal drive to perform an activity for its own sake and for the personal rewards it brings.

Related Questions