Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN: 9781305627734
Author: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher: Cengage Learning
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Chapter 2, Problem 16P
If an asset declines in value from $5,000 to $3,500 over nine years, what is the
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A random sample of college students were asked to estimate the total number of alcoholic drinks they consume in an average week. Responses are recorded in the following table.
0
0
1
2
2
3
4
4
8
8
9
12
13
15
15
22
25
33
35
44
Use the sample data to find the error bound with 90% confidence and the subsequent confidence interval for the mean number of alcoholic drinks a college student consumes each week.
15.15. A product is shipped in lots of size N = 2,000. Find a Dodge-Romig single-sampling plan for which the LTPD = 1%, assuming that the process average is 0.25% defective. Draw the OC curve and the ATI curve for this plan. What is the AOQL for this sampling plan?
The sampling plan that should be used is n = 490 and c = 4. If rejected lots are screened 100% and defective items replaced with good ones, the AOQL (from Table 15.9) is approximately X.XX%.
n: from Table 15.9
c: from Table 15.9
Dodge-Romig, LTPD=1.0%, N=2000, process avg = 0.25%
N=
2000
n=
from Table 15.9
C=
from Table 15.9
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D=N*p
Pa
ATI
AOQ
0.001
0.002
----
0.020
OC curve for N=2000, n=, c=, AOQL= %
ATI curve for N=2000, n=
C=
Chapter 2 Solutions
Essentials of Business Analytics (MindTap Course List)
Ch. 2 - A Wall Street Journal subscriber survey asked 46...Ch. 2 - The following table contains a partial list of...Ch. 2 - Ohio Logistics manages the logistical activities...Ch. 2 - A partial relative frequency distribution is...Ch. 2 - In a recent report, the top five most-visited...Ch. 2 - In a study of how chief executive officers (CEOs)...Ch. 2 - Consumer complaints are frequently reported to the...Ch. 2 - Reports have found that many U.S. adults would...Ch. 2 - Consider the following data: a. Develop a...Ch. 2 - Consider the following frequency distribution....
Ch. 2 - The owner of an automobile repair shop studied the...Ch. 2 - Approximately 1.65 million high school students...Ch. 2 - Consider a sample with data values of 10, 20, 12,...Ch. 2 - Consider a sample with data values of 27, 25, 20,...Ch. 2 - Consider a sample with data values of 53, 55, 70,...Ch. 2 - If an asset declines in value from 5,000 to 3,500...Ch. 2 - Suppose that you initially invested 10,000 in the...Ch. 2 - The average time that Americans commute to work is...Ch. 2 - Suppose that the average waiting time for a...Ch. 2 - According to the National Education Association...Ch. 2 - Return to the waiting times given for the...Ch. 2 - The results of a national survey showed that on...Ch. 2 - Suppose that the national average for the math...Ch. 2 - Five observations taken for two variables follow....Ch. 2 - The scatter chart in the following figure was...Ch. 2 - The economic downturn in 20082009 resulted in the...Ch. 2 - Heavenly Chocolates manufactures and sells quality...
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