EBK MANUFACTURING ENGINEERING & TECHNOL
EBK MANUFACTURING ENGINEERING & TECHNOL
7th Edition
ISBN: 9780100793439
Author: KALPAKJIAN
Publisher: YUZU
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Chapter 36, Problem 44SDP
To determine

Deming’s 14 points have been formulated as the characteristics of a company that produces high-quality products, so that very few defects are produced. Could the same rules be used to minimize a company’s carbon footprint? Explain.

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A mortgage company classifies its borrowers into three categories: Low Risk, Medium Risk, and High Risk. From experience, the company knows that: • 2% of low risk borrowers eventually default on their mortgages. • 6% of medium risk borrowers eventually default on their mortgages. 13% of high risk borrowers eventually default on their mortgages. The mortgages for 132 high risk borrowers are put together into one portfolio. The company determines that they will profit on the portfolio as long as no more than 19% of borrowers with mortgages in the portfolio default. What is the probability that the company makes a profit on the portfolio? Round your answer to 4 decimal places.

Chapter 36 Solutions

EBK MANUFACTURING ENGINEERING & TECHNOL

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