Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
6th Edition
ISBN: 9781337115186
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 19.3, Problem 13E
Refer to the KALI problem presented in this section. The quality control manager requested a producer’s risk of .10 when p0 was .03 and a consumer’s risk of .20 when p1 was .15. Consider the acceptance sampling plan based on a
- a. What is the producer’s risk for the n = 20, c = 1 sampling plan?
- b. What is the consumer’s risk for the n = 20, c = 1 sampling plan?
- c. Does the n = 20, c = 1 sampling plan satisfy the risks requested by the quality control manager? Discuss.
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30. An individual who has automobile insurance from a certain company is randomly selected. Let Y be the num- ber of moving violations for which the individual was cited during the last 3 years. The pmf of Y isy | 1 2 4 8 16p(y) | .05 .10 .35 .40 .10
a.Compute E(Y).b. Suppose an individual with Y violations incurs a surcharge of $100Y^2. Calculate the expected amount of the surcharge.
24. An insurance company offers its policyholders a num- ber of different premium payment options. For a ran- domly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows:
F(x)=0.00 : x < 10.30 : 1≤x<30.40 : 3≤ x < 40.45 : 4≤ x <60.60 : 6≤ x < 121.00 : 12≤ x
a. What is the pmf of X?b. Using just the cdf, compute P(3≤ X ≤6) and P(4≤ X).
Chapter 19 Solutions
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Ch. 19.2 - 1. A process that is in control has a mean of =...Ch. 19.2 - 2. Twenty-five samples, each of size 5, were...Ch. 19.2 - Prob. 3ECh. 19.2 - Prob. 4ECh. 19.2 - Prob. 5ECh. 19.2 - Prob. 6ECh. 19.2 - Prob. 7ECh. 19.2 - Prob. 8ECh. 19.2 - Prob. 9ECh. 19.3 - 10. For an acceptance sampling plan with n = 25...
Ch. 19.3 - Prob. 11ECh. 19.3 - Prob. 12ECh. 19.3 - 13. Refer to the KALI problem presented in this...Ch. 19.3 - Prob. 14ECh. 19 - Prob. 16SECh. 19 - Prob. 17SECh. 19 - Prob. 18SECh. 19 - The following are quality control data for a...Ch. 19 - The following were collected for the Master Blend...Ch. 19 - An insurance company samples claim forms for...Ch. 19 - Prob. 22SECh. 19 - 23. An n = 10, c = 2 acceptance sampling plan is...Ch. 19 - Prob. 24SE
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