Christopher's Cranks Uses a Machine That Can Produce 100 Cranks

question 98

Multiple Choice

Christopher's Cranks uses a machine that can produce 100 cranks per hour.The firm operates 12 hours per day,five days per week.Due to regularly scheduled preventive maintenance,the firm expects the machine to be running during approximately 95% of the available time.Based on experience with other products,the firm expects to achieve an efficiency level for the cranks of 85%.What is the expected weekly output of cranks for this company?

• A)5100
• B)5700
• C)4845
• D)969
• E)6783

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Definitions:

Confidence Interval

An array of values, pulled from sampling data, envisioned to enclose the value of a mysterious population parameter.

Sample Size

The count of measurements or instances contained within a data sample for statistical analysis.

Confidence Level

The percentage of confidence intervals that would include the true population parameter if you drew and computed a confidence interval for many samples.

Confidence Interval

A collection of values, originating from sample analyses, likely to enfold the value of an unrealized population parameter.