Ball-Bearings, Inc

question 68

Multiple Choice

Ball-Bearings, Inc. produces ball bearings automatically on a Kronar BBX machine. For one of the ball bearings, the mean diameter is set at 20.00 mm (millimetres) . The standard deviation of the production over a long period of time was computed to be 0.150 mm. What percent of the ball bearings will have diameters 20.27 mm or more?

Definitions:

Increase in Cost

A financial term indicating a rise in expenses or prices, affecting the overall cost structure of a business or the price level in an economy.

Internal Rate of Return (IRR)

The discount rate that makes the net present value (NPV) of all cash flows from a particular project zero, used to assess the profitability of potential investments.

Mutually Exclusive Project

Projects where the acceptance of one project means the others cannot be pursued due to constraints like budget, resources, or project scope.

Net Present Value (NPV)

Net Present Value is the difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment.