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Suppose that the overall average of the average cycle time on 30 replications of a manufacturing simulation is 2.9 hours with a sample variance of 1.6 hours. Construct confidence interval for the long run expected daily average cycle time. You may use the appropriate right percentage points of the Student's t-distribution given in the table below. Degrees of Freedom 30 29 28 27 26 30 29 28 27 26 a 0.05 0.05 0.05 0.05 0.05 0.025 0.025 0.025 0.025 0.025 t-value Confidence Interval: [ 1.697 1.699 1.701 1.703 1.706 2.042 2.045 2.048 2.052 2.056 What is the t value you need to use? t- NOTE: Put number only in the provided box with 3 digit precision. NOTE: Put numbers only in the provided boxes with 3 digit precision. For any particular day, calculate the 95 % prediction interval (that is the interval that contains the actual average cycle time on any particular day with probability 0.95) Prediction Interval:

Suppose that the overall average of the average cycle time on 30 replications of a manufacturing simulation is 2.9 hours with a sample variance of 1.6 hours. Construct confidence interval for the long run expected daily average cycle time. You may use the appropriate right percentage points of the Student's t-distribution given in the table below. Degrees of Freedom 30 29 28 27 26 30 29 28 27 26 a 0.05 0.05 0.05 0.05 0.05 0.025 0.025 0.025 0.025 0.025 t-value Confidence Interval: [ 1.697 1.699 1.701 1.703 1.706 2.042 2.045 2.048 2.052 2.056 What is the t value you need to use? t- NOTE: Put number only in the provided box with 3 digit precision. NOTE: Put numbers only in the provided boxes with 3 digit precision. For any particular day, calculate the 95 % prediction interval (that is the interval that contains the actual average cycle time on any particular day with probability 0.95) Prediction Interval:

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Suppose that the overall average of the average cycle time on 30 replications of a manufacturing simulation is 2.9 hours with a sample variance of 1.6 hours. Construct a 95 % confidence interval for the long run expected daily average cycle time. You may use the appropriate right percentage points of the Student's t-distribution given in the table below. Degrees of Freedom 30 29 28 27 26 30 29 28 27 26 0.05 0.05 0.05 0.05 0.05 0.025 0.025 0.025 0.025 0.025 t-value 1.697 1.699 1.701 1.703 1.706 2.042 2.045 2.048 2.052 2.056 What is the t value you need to use?t= Confidence Interval: [ NOTE: Put number only in the provided box with 3 digit precision. NOTE: Put numbers only in the provided boxes with 3 digit precision. For any particular day, calculate the 95 % prediction interval (that is the interval that contains the actual average cycle time on any particular day with probability 0.95). Prediction Interval: [ NOTE: Put numbers only in the provided boxes with 3 digit precision.
Transcribed Image Text:Suppose that the overall average of the average cycle time on 30 replications of a manufacturing simulation is 2.9 hours with a sample variance of 1.6 hours. Construct a 95 % confidence interval for the long run expected daily average cycle time. You may use the appropriate right percentage points of the Student's t-distribution given in the table below. Degrees of Freedom 30 29 28 27 26 30 29 28 27 26 0.05 0.05 0.05 0.05 0.05 0.025 0.025 0.025 0.025 0.025 t-value 1.697 1.699 1.701 1.703 1.706 2.042 2.045 2.048 2.052 2.056 What is the t value you need to use?t= Confidence Interval: [ NOTE: Put number only in the provided box with 3 digit precision. NOTE: Put numbers only in the provided boxes with 3 digit precision. For any particular day, calculate the 95 % prediction interval (that is the interval that contains the actual average cycle time on any particular day with probability 0.95). Prediction Interval: [ NOTE: Put numbers only in the provided boxes with 3 digit precision.
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